London-based M&G Investments (M&G) has arranged a $267m asset-backed securitisation financing deal for Seeker Music, a music publishing and record company founded in 2020 with backing from M&G’s Life business.
The transaction provides Seeker with the financial firepower to accelerate its growth plans while providing M&G’s clients with diversification, potential for uncorrelated returns and growth opportunities.
Arranged by M&G’s £10.4 billion Structured Finance team, the deal enables Seeker to continue expanding its music catalogue, invest in creative talent and modernise rights management through technology.
Worth in excess of $400m, Seeker’s catalogue comprises more than 19,000 copyrights and master recordings spanning artists from Joan Jett and Christopher Cross to Lewis Capaldi, Justin Bieber and Miley Cyrus.
Evan Bogart, Chief Executive of Seeker Music, said: “This is an important moment for Seeker and for the music we champion. This partnership is the fuel behind our mission to transform how music rights are managed, valued and celebrated.
“Together with M&G, we’ve created a home where songs and legacies get the respect they deserve – and this capital empowers us to move even faster.
“We’re expanding our creative footprint and proving that a creator-led model is the future of music rights management and the standard the modern industry demands.”
Stéphane Rummelhard, Head of Royalties and Asset-Based Equity, at M&G, said: “Seeker’s growth demonstrates how high-quality creative IP can generate resilient, long-term uncorrelated returns when paired with disciplined institutional capital.
“By leveraging the breadth of M&G’s expertise to arrange this financing, we have delivered a bespoke funding solution for a next-generation music company, unlocking its next phase of growth.
“This transaction highlights the strength and depth of our structured finance capabilities and our commitment to back innovative businesses with patient, scalable funding.”
Barclays acted as sole structuring and lead placement agent, with MUFG serving as joint placement agent.
