Last July, Round Hill’s publicly-traded UK fund raised USD $86.5 million in C share placing, exceeding its minimum target of a $50 million raise. Round Hill’s share issue saw it place 86.5 million C shares in Round Hill Music Royalty Fund Limited (RHM) at $1.00 per share. On Friday, the firm revealed that the net proceeds of that C Share issue have now been fully invested and will be converted into Ordinary Shares.
Source: Round Hill’s UK fund has acquired 5,600 songs since July, paying an average multiple of 17.9x