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HarbourView Equity Partners Increases Credit Facility Capacity to $300MM, Adds New Financing Partners

December 06, 2023, 07:34 AM
Filed Under: Investment Financing

Alternative asset management firm HarbourView Equity Partners amended its senior secured credit facility led by Fifth Third Bank. Under the amended facility, HarbourView’s capacity has increased by $100 million, up to $300 million. The firm will use the additional funding to continue acquiring music royalty assets and for general corporate purposes.

“HarbourView remains committed to providing the best execution for our growing LP base, against a relatively challenging market environment.  We are thankful to both our new and existing financing partners for their commitment to HarbourView’s success,” said HarbourView Head of Capital Markets Carlos Cruz.

Three new lenders were added to the syndicate including Bank of America as a new joint lead arranger, Barclays, and First Bank & Trust Company, joining existing lenders California Bank & Trust, MUFG Bank, Regions Bank and BankUnited. Fifth Third Bank remains lead arranger, sole bookrunner and administrative agent.
“As capital conditions evolve, we are grateful for the continued support of our banking partners who have helped support HarbourView’s tremendous growth since inception,” said HarbourView CEO and Founder Sherrese Clarke Soares.

HarbourView Equity Partners is an investment firm founded by Sherrese Clarke Soares focused on the entertainment and media markets. The firm seeks businesses or assets powered by IP and investment opportunities that aim to build enduring value and returns.  Most recent investments include Kane Brown, Pat Benatar and Neil Giraldo, Christine McVie, Wiz Khalifa, and Nelly.

HarbourView has been extremely active since launching in 2021, acquiring over 45 music catalogs to date. The firm's portfolio features thousands of titles spanning numerous genres, eras, and artists, amounting to a diversified catalog of ~26,000+ songs across both master recordings and publishing income streams. In addition to music, HarbourView is focused on opportunities to support content across the entertainment, sports, and media sectors.

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