The startup says that its new fund, backed by investment firm Preserver Partners, will see selected indie artists receive financial support as well a being assigned “a team, infrastructure, and resources comparable to major labels while maintaining ownership of their music.” Preserver, also based in Memphis, is headed by President and Chief Investment Officer Floyd Tyler, and has nearly $300 million in assets under management.
Source: Connect Music Group launches $10m indie artist fund backed by investment firm Preserver Partners