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May 22, 2019  

LPs Sought for Music-Royalty Funds

A hedge fund manager and two music publishers separately are marketing private funds that would invest in music royalties.Courage Capital, a 20-year-old fund operator whose core strategies are distressed debt and special situations, is rolling out the second in a series of drawdown vehicles that buy music-publishing rights. Its debut offering, Courage Music Partners 1, which launched in February 2018, had $67 million of gross assets at...

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