HarbourView Equity Partners (HarbourView), an alternative asset management company focused on investment opportunities in the entertainment, media, and sports space, with approximately $2.67B in regulatory assets under management, has closed an additional $500 million in debt financing through a new private securitization backed by its diversified, scaled music portfolio. Insurance vehicles managed by KKR, a leading global investment firm, participated in the transaction.
This latest financing expands on the nearly $500 million in debt financing HarbourView secured in 2024 from KKR-managed insurance vehicles and accounts and other investors.
"We are thrilled to have KKR's continued support as we further scale the firm," said HarbourView Founder and CEO Sherrese Clarke. "This additional capital from KKR will help us accelerate our strategy to align with where the media, sports and entertainment markets are headed. We see a tremendous opportunity to continue investing in evergreen intellectual property, which we believe is historically uncorrelated to broader market volatility and forms a powerful diversification tool."
"We are pleased to further support HarbourView and to invest in this well-diversified, scaled and high-quality portfolio through our High-Grade Asset-Based Finance strategy. Music IP is one of many areas of opportunity that we see for this strategy and an example of its breadth," said Avi Korn and Chris Mellia, Global Co-Heads of Asset-Based Finance at KKR.
The financing, solely structured by Barclays, further emphasizes HarbourView's commitment to targeting the best execution for its growing LP base and comes on the heels of numerous major deals.
"Barclays is proud to once again support HarbourView. This deal underscores the strong demand from investors for uncorrelated assets and highlights our track record of supporting music and media companies in accessing efficient, scalable capital," said Salina Sabri, Managing Director, Securitized Products Origination at Barclays. "We are grateful to play a small role in HarbourView's continued growth".
Barclays served as sole structuring advisor in this transaction. Barclays and KKR Capital Markets acted as placement agents, and Fifth Third Bank, National Association as passive placement agent.