Round Hill Music was founded in 2012 by New York-based Josh Gruss to manage the acquisition and exploitation of music copyrights.<\/p>\n
In addition, Round Hill Music is a frontline independent music publisher, working with active talent to create new copyrights.<\/p>\n
Gruss’s co-founders in the company were Neil Gillis (President of Round Hill) and Richard Rowe.<\/p>\n
Round Hill has offices in New York, Nashville, Los Angeles and London.<\/p>\n
Gruss started Round Hill Music in 2012 to manage the investment of a private fund \u2013 now known as Round Hill’s ‘Music Royalty Fund I’ \u2013 which raised just over $200 million from private and institutional investors.<\/p>\n
Under Round Hill’s management and advice, ‘Music Royalty Fund I’ acquired music rights for songs performed by The Beatles, Louis Armstrong, Celine Dion, the Rolling Stones, and many more.<\/p>\n
Round Hill’s ‘Music Royalty Fund II’ was then launched in December 2017, raising $263m<\/a>.<\/p>\n This cash was partly used to acquire Carlin Music for around $245m<\/a>, including the Elvis Presley catalog, amongst over 100,000 copyrights.<\/p>\n This fact was confirmed by Round Hill in a press release dated January 16 announcing its $263m Fund IIFund II has already deployed more than $100 million across several investments including the recently-closed acquisition of Carlin Music and the catalog of country songwriter Dallas Davidson.”<\/p>\n In November 2020, Round Hill announced that it had launched a third private fund<\/a> \u2013 Music Royalty Fund III \u2013 that had raised $291m.<\/p>\n Separate from Round Hill’s three privately-raised funds, the company launched a public royalty fund on the London Stock Exchange (Round Hill Music Royalty Fund Ltd) in November 2020.<\/p>\n Round Hill Music Royalty Fund Ltd intended to raise $375 million<\/a> to acquire all of the copyrights in Round Hill’s first private fund (launched in 2012).<\/p>\n The copyrights in that fund had been independently valued in 2020 at $363 million, gaining significant value over the course of eight years.<\/p>\n However, Round Hill only managed to raise $282 million<\/a> as part of its IPO, leaving a shortfall in the cash it needed to acquire the targeted copyrights.<\/p>\n In December 2020, Round Hill raised another $46.1 million<\/a> which, when combined with debt capacity, gave Round Hill more than enough money to acquire the Fund I copyrights at a $363 million valuation.<\/p>\n
\nRound Hill’s UK-listed fund and IPO<\/h6>\n
\nAcquisition of Zync Music<\/h6>\n