Pophouse Entertainment, the Sweden-based music investment firm co-founded by ABBA’s Björn Ulvaeus, has raised over EUR €1.2 billion (USD $1.3 billion) for its debut fund. The Stockholm-based company announced Monday (March 31) that Pophouse Fund I raised over €1 billion ($1.1 billion), reaching its hard cap and making it, “one of the largest first-time private equity funds to be raised in Europe in the last decade”.
Source: Pophouse Entertainment, the firm behind ABBA Voyage, closes $1.3bn music rights buying fund