HarbourView Equity Partners, an alternative asset management company focused on investment opportunities in the entertainment, media and sports space, closed an additional $500 million in debt financing through a new private securitization backed by its diversified, scaled music portfolio. Insurance vehicles managed by KKR, a global investment firm, participated in the transaction.
This latest financing expands on the nearly $500 million in debt financing HarbourView secured in 2024 from KKR-managed insurance vehicles and accounts and other investors.
“We are thrilled to have KKR’s continued support as we further scale the firm,” Sherrese Clarke, founder and CEO of HarbourView, said. “This additional capital from KKR will help us accelerate our strategy to align with where the media, sports and entertainment markets are headed. We see a tremendous opportunity to continue investing in evergreen intellectual property, which we believe is historically uncorrelated to broader market volatility and forms a powerful diversification tool.”
“We are pleased to further support HarbourView and to invest in this well-diversified, scaled and high-quality portfolio through our high-grade asset-based finance strategy,” Avi Korn and Chris Mellia, global co-heads of asset-based finance at KKR, said. “Music IP is one of many areas of opportunity that we see for this strategy and an example of its breadth.”
The financing is solely structured by Barclays.
“Barclays is proud to once again support HarbourView. This deal underscores the strong demand from investors for uncorrelated assets and highlights our track record of supporting music and media companies in accessing efficient, scalable capital,” Salina Sabri, managing director, securitized products origination at Barclays, said. “We are grateful to play a small role in HarbourView’s continued growth.”
Barclays served as sole structuring advisor in this transaction. Barclays and KKR Capital Markets acted as placement agents, and Fifth Third Bank as passive placement agent.
