October of 2021 Lyric unveiled a $500 million catalog fund with Northleaf. Now, the private equity firm has secured “total commitments of approximately $410 million” for its second fund, execs said, made possible by “support from a diverse group of new and existing institutional investors.” Additionally, it indicated that “senior debt financing” accounts for the remainder of the initially mentioned $800 million or so in deployable capital.
Source: Spirit Music Parent Lyric Capital Unveils $800MM Catalog Fund