Raleigh Music Publishing Forms Joint Venture With ICM Crescendo Music Royalty Fund

Raleigh Music Publishing has entered into a joint venture with ICM Crescendo Music Royalty Fund to acquire music publishing catalogs. ICM Crescendo will provide dedicated acquisition capital to source and administer the catalogs. This partnership allows Raleigh to gain an equity stake in the acquisitions through its catalog administration role.

The collaboration builds upon their previous joint efforts in acquiring the Kal Mann catalog, which included hits like "Let's Twist Again" and a sample share in House of Pain's "Jump Around."

The companies anticipate announcing multiple transactions in the near term, leveraging a pipeline of opportunities developed by Raleigh through its relationships with catalog owners, artist estates, and music rights holders. Raleigh Music, led by co-presidents Peter Raleigh and Steven Storch, already holds a significant portfolio of music publishing assets, including the works of Elvis Presley, George Gershwin, the Alan J. Lerner catalog, and more.

Raleigh Music's co-president Peter Raleigh emphasized the company's commitment to preserving the legacy of American songwriting, stating that they see themselves as stewards of this cultural heritage. The partnership with ICM Crescendo enables Raleigh to extend this commitment to additional catalogs, ensuring that these timeless songs continue to be heard and appreciated for generations to come.

ICM Crescendo Music Royalty Fund, managed by ICM Asset Management, currently owns over 6,500 songs across more than 50 catalogs representing more than 500 artists. The fund's portfolio includes songs by Taylor Swift, Anuel AA, and Lauren Daigle, among others. David Vankka, ICM Asset Management president and portfolio manager, expressed enthusiasm about the partnership with Raleigh, highlighting the company's strong track record of sourcing, acquiring, and managing high-quality catalogs.