The growth of PE in the music tech space may have as much to do with the growth of PE itself as with the growth of music creation tech. Private equity has boomed in the past decade, with the number of funds exploding to around 18,000 as of 2021, a 60% jump in five years. According to McKinsey, PE now has $11.7 trillion in assets under management, and that number has grown by around 20% per year since 2017.
Source: Private equity loves music tech: Meet the music creation platforms backed by deep-pocketed funds