HarbourView Equity Partners, an alternative asset management firm focused on investments in the sports, media and entertainment space, has secured approximately $500m in a debt financing led by global investment firm KKR.
Investment accounts advised by Kuvare Asset Management also participated in private securitisation backed by HarbourView’s diversified catalogue of music royalties.
KKR’s asset-based finance (ABF) strategy focuses on privately originated and negotiated credit investments that are backed by large and diversified pools of financial and hard assets, offering diversification to traditional corporate credit and attractive risk-adjusted returns. The platform began investing in 2016 and now has approximately $48bn in AUM globally across its high-grade ABF and opportunistic ABF strategies.
HarbourView Equity Partners was established in 2021 and currently has $1.6bn in regulatory managed assets. Its portfolio includes artists like Pat Benatar and Neil Giraldo, Fleetwood Mac’s Christine McVie, Wiz Khalifa, Brad Paisley, Jeremih, Nelly, Luis Fonsi and Eslabon Armado.
Guggenheim Securities served as sole structuring advisor and Guggenheim Securities and Barclays acted as co-placement agents on this transaction.
Source: Private Equity Wire
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