The Hipgnosis Songs Fund, one of the highest-profile alternative
investment funds domiciled in Guernsey, has beaten its second
fundraising target.
Hipgnosis Songs Fund is a Guernsey-registered fund investing in
songs and musical intellectual property rights trading on the
Specialist Fund Segment of the London Stock Exchange (LSE). It was
founded by Merck Mercuriadis, the former manager of Beyoncé,
Elton John, Morrissey, Iron Maiden and Guns N' Roses.
It raised more than £200 million with its initial
fundraising in July 2018, and announced a second placing on 12
April, with a target of £100 million to acquire more music
catalogues. The placing was oversubscribed in record time and
attracted approximately £141.5 million.
