Publications & Media
2 published works on the fund structures, valuation, and financing shaping institutional investment in music catalogs.
Fund structures, valuation, and institutional capital in music IP
Research and commentary on the economics of music intellectual property, covering how music royalty catalogs are financed, valued, and owned as an institutional asset class. Recurring themes include fund structures and closed-end vehicles, the cost of capital for catalog issuers, catalog valuation, and debt markets such as music catalog ABS (music asset-backed securities) and rated securitization, along with the broader question of how institutional capital gains access to music IP.
Music ABS and Institutional Readiness
Music ABS and Institutional Readiness, a whitepaper that discusses how platform readiness now sets the primary constraint on access to the rated music catalog ABS market, ahead of investor appetite or structural feasibility. The paper frames that readiness through five drivers, each independently buildable and each carrying a measurable cost-of-capital implication visible in debut pricing and in ratings movements across the life of a deal. See the companion Music ABS tracker for more details.
Music Moneyball - Unlocking Cheaper Capital & Higher Multiples
A conversation with George Williams and Tom Mullen on how reporting depth, visibility, and financial infrastructure shape the way capital providers price risk and value catalogs, and why that widens the gap between platforms reaching the deepest pools of capital in the music catalog investing market and those carrying higher costs when raising or refinancing in private markets like music ABS.
