The Circuit Group, which owns management firms Ayita and Seven20, has announced the launch of a new nine-figure investment fund focused on the acquisition of music assets and other cultural IP. Dubbed Circuit Capital, the new fund is backed by $500 million from Los Angeles-based Create Music Group (CMG), which was valued last year at $1 billion following a $165 million investment round.
Source: The Circuit Group launches $500m+ music investment fund backed by Create Music Group