The new raise makes Concord one of the best-funded parties in the burgeoning music M&A sector, where its rivals include the likes of Hipgnosis Songs Fund, Downtown, Primary Wave, Round Hill, Kobalt Capital, Tempo Music Investments and Reservoir. Concord says it received first-time corporate credit ratings of B1 and B+ from Moody’s and S&P last month.
Source: Concord raises another $600m via J.P. Morgan-placed debt offering