Matt Pincus And LionTree's MUSIC Investment Firm Officially Launches With Two New Partners

Official Launch

MATT PINCUS and LIONTREE's music business investment firm MUSIC, making its official launch TODAY (5/26), has raised $200 million in initial capitalization, with JS CAPITAL MANAGEMENT and SCHUSTERMAN FAMILY INVESTMENTS joining PINCUS and LIONTREE as partners. The company, founded in 2019 with investments in SPLICE, DICE, and HIFI, is looking to take long-term stakes in the technology, label and publishing, and Web3 sectors of the music industry.

“Institutional investors have been flocking to music because of the uncorrelated returns and strong growth the industry provides. But for most investors, music is just another asset that fits in their portfolio,” said PINCUS, also the founder of music publisher SONGS. “At MUSIC, we invest in talent, creativity, repertoire and innovation.  Good people reside all across the capital stack - from venture to growth to private equity to yield. To make the right investments in music, you need to bet on talent with flexible capital, ready for the long term.”

LIONTREE CEO ARYEH B. BOURKOFF said, “We launched MUSIC to invest in the evolution of the music industry and be a strategic partner for artists and entrepreneurs in the space. MATT’s independence, track record, and the relationships he’s built across the ecosystem give him a unique perspective on where music is headed, and we are excited to partner with JS CAPITAL and SCHUSTERMAN on this thematic. LIONTREE is increasingly focused on bringing long-term capital together with people and ideas to move industries forward, and we believe music is a particularly dynamic industry with multiple avenues for growth and transformation over time and through market cycles.”

JS CAPITAL Chief Investment Officer SALIL SESHADRI added, “JS CAPITAL is focused on partnering with great management teams that are providing solutions in large and, often, fragmented markets. In the case of MUSIC, the partnership with MATT and ARYEH allows us to be part of changing trends in content creation, technology, and the continued shift towards experiences over things. MATT is a proven operator and LIONTREE is best-in-class when it comes to offering creative advice and solutions to businesses across technology, media, and entertainment -- the key vectors across which MUSIC will operate.”

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