Private markets investment firm Northleaf Capital Partners served as the lead arranger of a $100 million asset-backed second lien credit facility for Cutting Edge Group, an investor in and manager of niche media music rights.
Headquartered in London, Cutting Edge Group’s portfolio of music film, TV and wellness music assets includes more than 2,000 titles across soundtrack albums, publishing assets and royalty income streams, including music that has been featured in productions such as The Office, Ted Lasso, NCIS: Los Angeles and Stranger Things, among others.
“Northleaf’s investment in Cutting Edge is a great fit for our asset-based specialty finance strategy, which seeks to provide our investors with diversified and low correlation exposure,” David Ross, managing director and head of private credit at Northleaf, said. “This investment represents an attractive addition to our investors’ portfolios.”
“Northleaf is an experienced investor in music royalties and we are pleased to be working with the team as we continue to execute our growth strategy and scale our platform,” Philip Moross, CEO of Cutting Edge Group, said. “The Northleaf team understands our long-term goals and has provided a capital solution to meet our evolving needs.”
“Cutting Edge is a leading full-service provider of music for the TV and film industry and has built an outstanding reputation,” CJ Wei, director of private credit at Northleaf, said. “We are thrilled to support Cutting Edge’s talented management team and provide them with the resources they need to successfully execute upon their strategic growth initiatives.”
