**Chord Music Partners Secures $400 Million Investment from Searchlight Capital**
**Meta Description:** Chord Music Partners, owner of major song catalogs, is set to receive a $400 million investment from Searchlight Capital, enhancing its music rights portfolio.
**URL Slug:** chord-music-partners-searchlight-capital-investment
**Headline:** Chord Music Partners to Receive $400 Million Investment from Searchlight Capital
Chord Music Partners, the owner of song catalogs from renowned artists like ZZ Top and Ellie Goulding, is poised to raise hundreds of millions through a significant investment deal with private equity firm Searchlight Capital. Reports indicate that Chord has finalized an agreement for Searchlight to invest $400 million into the company, which is supported by Universal Music Group (UMG), the leading record label globally. Industry insiders suggest that the announcement of this deal is expected within the week.
In addition to ZZ Top and Ellie Goulding, Chord Music Partners holds rights to songs from popular artists such as Lorde, The Weeknd, and John Legend. Recently, the company also acquired a stake in the catalog of country music star Morgan Wallen. Chord is co-owned by Dundee Partners, a family office, and UMG, with KKR, a major private equity firm, having previously held a stake until last year. KKR’s exit was executed at a valuation of $1.85 billion.
This investment marks the latest in a series of high-profile transactions in the music rights sector, as demand for valuable entertainment content continues to escalate, driving prices upward. Chord Music Partners was established in 2021 and is anticipated to announce additional catalog acquisitions in the near future.
Sir Lucian Grainge, chairman and CEO of UMG, emphasized the importance of partnerships that share a vision for identifying timeless songs and recordings that can yield long-term growth. He expressed optimism about maximizing commercial and creative value for the songwriters and artists associated with Chord.
As the music industry evolves, Chord Music Partners is strategically positioned to capitalize on the growing market for music rights, further solidifying its presence in the competitive landscape.
**FAQ Section**
**What is Chord Music Partners?**
Chord Music Partners is a music rights company that owns catalogs from various prominent artists, focusing on acquiring and managing valuable song rights in the music industry.
