Key Takeaways
- • Sherrese Clarke Soares formed HarbourView in 2021 with the goal of growing the firm into a $20 billion asset manager by 2026, according to PEI Private Equity.
- • HarbourView is setting out to raise its first commingled royalties fund, with Fund I reported to target $500 million.
- • Fund I carries a reported $1 billion hard cap for investments in royalties-producing sound recordings, music publishing and related assets.
- • Apollo clients and funds are serving as lead investors in HarbourView, which is also described as backed by KKR.
- • Coverage of the firm's backing notes that the music-royalties business has credit-like qualities, which has attracted support from large Wall Street firms.
Summary
PEI Private Equity reports that HarbourView, the Apollo-backed firm formed in 2021 by Sherrese Clarke Soares, is preparing to raise its first commingled royalties fund. The firm has set an ambition to grow into a $20 billion asset manager by 2026.
According to PEI's coverage, Fund I is targeting $500 million, with a $1 billion hard cap. The vehicle will invest in royalties-producing sound recordings, music publishing and related assets. HarbourView, which operates under the HarbourView Equity Partners name, is positioned as a global alternative asset manager focused on the media and entertainment sector. Apollo clients and funds are serving as lead investors in the firm.
Coverage of the backing by Apollo and KKR points to the appeal of the strategy to large institutional capital. Commentators have described the music-royalties business as having attractive, credit-like characteristics, a view that has helped HarbourView secure support from major Wall Street firms. The fund remains in the fundraising stage, and its final size and closing timeline were not specified in the primary coverage.
According to PEI's coverage, Fund I is targeting $500 million, with a $1 billion hard cap. The vehicle will invest in royalties-producing sound recordings, music publishing and related assets. HarbourView, which operates under the HarbourView Equity Partners name, is positioned as a global alternative asset manager focused on the media and entertainment sector. Apollo clients and funds are serving as lead investors in the firm.
Coverage of the backing by Apollo and KKR points to the appeal of the strategy to large institutional capital. Commentators have described the music-royalties business as having attractive, credit-like characteristics, a view that has helped HarbourView secure support from major Wall Street firms. The fund remains in the fundraising stage, and its final size and closing timeline were not specified in the primary coverage.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.