London Stock Exchange welcomes Round Hill Music Fund Ltd. to the Specialist Fund Segment of the Main Market

Founded in 2010, Round Hill is a fully integrated owner and operator of music copyright properties and the seventh largest music publishing company in the US. Headquartered in New York with additional offices in Nashville, Los Angeles and London, Round Hill has an experienced management and investment team with an established reputation and extensive experience in the music and finance industries.

The Company's Investment Objective is to provide investors with an attractive level of regular and growing income and capital returns from investment primarily in high quality, music intellectual property. In order to achieve its Investment Objective the Company will invest in a songwriter's copyright interest in a musical composition or song (being their writer's share, their publisher's share and their performance rights) together with the rights in the recording of the musical composition or song (known as the master recording rights) together with all such rights and assets considered by its investment manager, Round Hill Music LP ("Round Hill" or the "Investment Manager") to be ancillary thereto.

Commenting on the Initial Public Offering, Trevor Bowen, Chair of the Company said
"I am delighted to announce the successful IPO of Round Hill Music Royalty Fund Limited. When considered against the global turbulence prevalent during the IPO process due to Covid-19, this achievement clearly demonstrates a strong investor appetite for both the music royalty asset class, the performance of which is highly uncorrelated to movements in the global economy, and the recognised expertise of the Round Hill team as an investment manager in this sector. On behalf of the Board I welcome our new shareholders and thank them for their support, and we look forward to updating you all on the progress of Round Hill and their team, as we together develop the Company as a listed entity. 

The Company has an identified portfolio of exceptional songs and catalogues including classic tracks from some of the world's best-known artists that are already extremely familiar to the Investment Manager. We will actively progress and update on our intention to purchase the identified portfolio for the Company as soon as practical."

 Josh Gruss, CEO of Round Hill commented
"All of us at Round Hill are very pleased with and encouraged by the strong level of support for the IPO of Round Hill Music Royalty Fund Limited. This marks the next stage in Round Hill's development in London, a market with sophisticated investors that understand music royalties and the potential from this asset class. We look forward to working closely with the Board in maximising returns for new investors." 

Quick facts

Track
Market: Main Market
Instrument market cap (£m)
247.43
Listing/Admission to trading
13 Nov 2020
Looking for new and recent issues?

More recent

139.72
London Stock Exchange welcomes Darktrace to the Premium Segment of the Main Market

Darktrace plc, the UK-based, leading autonomous cyber security AI company, has today reached a major milestone in its trajectory of rapid growth as it is admitted to the Premium Listing Segment of the Official List. It is trading on the Main Market of London Stock Exchange, having raised gross proceeds of £165m via a global share offer.  At the placing price of 250p per share, the company

Learn more
110
London Stock Exchange welcomes Wickes Group plc to the Premium Segment of the Main Market

Today, London Stock Exchange welcomes Wickes Group plc (“Wickes” or “the Group”) to the Premium Listing Segment of the Official List and to trading on the Main Market of London Stock Exchange. 

This follows the de-merger of the Group from Travis Perkins plc. No new funds have been raised. Wickes’s ticker is WIX.L and its free float is 100%.

Significant shareholders incl

Learn more
129.96
London Stock Exchange welcomes PensionBee to the High Growth Segment of the Main Market

Today, London Stock Exchange welcomes PensionBee, a leading online pension provider, to the High Growth Segment of the Main Market.

PensionBee was co-founded in 2014 by its Chief Executive Officer, Romi Savova, and its Chief Technology Officer, Jonathan Lister Parsons, with a mission to make pensions simple, so that everyone can look forward to a happy retirement. Operating in the UK

Learn more
83.92
London Stock Exchange welcomes musicMagpie plc to AIM, and awards it with the Green Economy Mark

London Stock Exchange today welcomes musicMagpie plc (‘musicMagpie’, the ‘Company’ or ‘Group’), a leading re-commerce business in the UK and US specialising in refurbished consumer technology, to AIM, trading under the ticker MMAG. The Company has also qualified for London Stock Exchange’s Green Economy Mark, which recognises companies that derive 50 per cent. or more of their total annual reve

Learn more