Financing supports expansion of leading indie music royalties platform
TORONTO, CANADA (February 16, 2024) – Northleaf Capital Partners (Northleaf), a leading global private markets investment firm, announced today that it acted as the sole lead arranger of a US$75 million asset-backed senior secured credit facility to support the growth of Duetti, a music financing platform focused on a wide range of independent artists. The financing will support Duetti’s catalogue acquisition strategy, enabling the platform to unlock growing monetization opportunities for artists in the independent music market.
“Northleaf is delighted to support Duetti which has built a differentiated platform within an attractive and growing segment of the music market,” said CJ Wei, Director, Private Credit at Northleaf Capital Partners. “This investment represents an attractive opportunity to provide our investors with access to a highly diversified portfolio of music royalty assets that aims to generate consistent cash flows that are less correlated to the broader economy.”
"We are excited to partner with Northleaf as we enter our next phase of growth and further capitalize on the opportunity set in the independent music royalties market, said Lior Tibon, Co-Founder and CEO of Duetti. "The Northleaf team aligned with our long-term goals and provided a capital solution customized to meet our unique and evolving needs."
Northleaf’s private credit program seeks to provide investors with diversified exposure to private credit investments globally, with a focus on floating rate loans to middle market companies and specialty finance platforms in North America, Europe and Australia. Northleaf brings a flexible approach to investing with the ability to provide senior debt, junior debt, structured capital and equity to support leading specialty finance platforms globally.
About Northleaf Capital Partners
Northleaf Capital Partners is a global private markets investment firm with more than US$24 billion in private equity, private credit and infrastructure commitments raised to date from public, corporate and multi-employer pension plans, endowments, foundations, financial institutions and family offices. Northleaf’s 250-person team is located in Toronto, Chicago, London, Los Angeles, Melbourne, Menlo Park, Montreal, New York and Tokyo. Northleaf sources, evaluates and manages private markets investments, with a focus on mid-market companies and assets. For more information on Northleaf, please visit www.northleafcapital.com.
About Duetti
Duetti was founded by Lior Tibon, former COO of TIDAL, and Christopher Nolte, former Business Development executive at Apple Music, with the mission of getting a wide range of artists quick and easy access to catalog sales and unlocking new investment opportunities. Leveraging their experience in streaming and support from music and tech’s most innovative investors including Nyca Partners, Viola Ventures and Roc Nation, Duetti’s music financing platform has helped over 250 artists receive up to $2 million per transaction. The unique model provides data-driven prices for established tracks, allowing artists to sell individual tracks or even parts thereof, while Duetti then markets those tracks going forward using unique ROI-focused techniques.
Contacts:
Sneha Satish
Stanton
t: +1.646.502.3556
e: ssatish@stantonprm.com
Nadine Cannata
Managing Director, Marketing & Communications
t: +1.416.477.6623
e: nadine.cannata@northleafcapital.com