Music investor Matt Pincus has raised $200 million for his venture MUSIC to make new investments. MUSIC, which was founded with Liontree, invests in firms like Splice, music financial services company HIFI, the ticketing platform DICE, and others.
MUSIC calls itself “the first ever diversified investment company focused exclusively on music businesses,” and the company plans on focusing on taking long-term positions in a variety of music enterprises.
Matt Pincus got a bit of a head start in his life as a businessman. His father was Lionel Pincus, the American Jewish businessman who founded the private equity firm Warburg Pincus. His mother, was a successful actress and the Miss Utah of 1955, Suzanne Storrs. Pincus earned both his B.A. and MBA from Columbia University in New York.
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The businessman founded Songs Music Publishing, also known as SONGS. SONGS represents songwriters and producers across all genres of music. In 2017 Matt Pincus sold out to the tune of $160 million. He then went on to found in partnership with Liontree MUSIC, an investment house focused on the music business.
“Institutional investors have been flocking to music because of the uncorrelated returns and strong growth the industry provides. But for most investors, music is just another asset that fits in their portfolio,” said Matt Pincus in a statement. “At Music, we invest in talent, creativity, repertoire and innovation. Good people reside all across the capital stack – from venture to growth to private equity to yield. To make the right investments in music, you need to bet on talent with flexible capital, ready for the long term.”
“We launched MUSIC to invest in the evolution of the music industry and be a strategic partner for artists and entrepreneurs in the space,” said. Aryeh B. Bourkoff, co-founder of MUSIC and founder and CEO of LionTree. “Matt’s [Pincus] independence, track record, and the relationships he’s built across the ecosystem give him a unique perspective on where music is headed, and we are excited to partner with JS Capital and Schusterman on this thematic.”