UMG-backed Chord Music Partners secures strategic investment from Searchlight Capital Partners | Labels

Chord Music Partners, a management and acquisition platform for music intellectual property, has received a strategic investment from funds advised by Searchlight Capital Partners. 

The global investment fund has reportedly committed $400 million, according to Sky News.

Chord Music Partners was formed through a strategic partnership between Dundee Partners and Universal Music Group.

Chord’s partnership with Searchlight will accelerate the company’s growth through the expansion of its recorded music and publishing catalogues, as well as enhance its ability to identify and execute new acquisition opportunities.  

The Chord team have built an incredibly strong and diversified platform at the forefront of music investment

Darren Glatt

Founded in 2021, Chord’s portfolio includes works from artists and songwriters, including Lorde (pictured), Morgan Wallen, The Weeknd, David Guetta and John Legend, among others. 

Sam Hendel, Dundee Partners’ managing principal and co-founder of Chord, said: “Searchlight’s expertise, network and ability to meaningfully contribute toward expanding Chord’s premier IP portfolio make Searchlight an ideal strategic partner for our company’s next chapter. We’re thrilled to welcome them into the fold and look forward to pursuing the increasingly exciting opportunity set within today’s music landscape together.”

Darren Glatt, partner at Searchlight, said: “The Chord team have built an incredibly strong and diversified platform at the forefront of music investment and evolved Chord into the desired home for the works and legacies of the world’s premier artists. Searchlight looks forward to contributing to Chord’s next chapter of growth and value creation for both its artists and existing investors.”

PHOTO: Thistle Brown

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