By Emmanuel Legrand
Round Hill Music Royalty Fund has successfully completed its IPO on the London Stock Exchange, raising some ?212m ($282 million) in the process, lower than its $375m target. The fund, incorporated in Guernsey, promises steady returns on investment from the exploitation of its intellectual property.
Round Hill Music, the private equity firm founded in 2010 by Josh Gruss dedicated to investments music copyright assets, will act as the private equity firm for the fund. Cenkos...