Primary Wave Secures $2.2 Billion for Music Catalog Investments

Primary Wave has successfully raised an additional $2.2 billion designated for investments in music catalogs. The company announced this significant funding round, positioning it as a major player in music rights acquisitions.

In a press release, the publishing company described the fund as "the largest dedicated closed-end music royalties fund raised to date." This substantial capital infusion is intended to facilitate further acquisitions and investments within the music industry's catalog market. Originally reported by Billboard.