Rostrum Pacific Secures $150 Million From Crayhill Capital Management

Rostrum Pacific, the parent company of Rostrum Records, said on Thursday it secured $150 million  in financing from Crayhill Capital Management to fund acquisitions to catalog portfolio.

Rostrum, which also includes Fat Beats, Cantora Records and digital distribution platform SpaceHeater, will use the funding the acquire catalogs of songs that the company feels they can increase the value of under their umbrella. Rostrum Records, known in the industry for launching the careers of artists like Mac Miller and Wiz Khalifa, most recently announced the signing of Kaash Paige.

Scott Margolin, Rostrum Pacific’s chief financial officer who led the financing round, said it reflects confidence in the company’s strategy of using partnerships to drive returns.

“With this backing, we’re expanding our reach and deepening our commitment to ensure that music under our care gets heard,” Margolin said in a statement. “We’re focused on catalog we can actively grow—whether it’s assets we acquire or the catalog we’ve been building for more than 20 years.”

Founded in 2015, investment adviser Crayhill Capital Management has $2.9 billion in assets under management. The firm specializes in asset-based finance and has deployed $4 billion across 50 transactions over the past decade.

“Rostrum has built a compelling in-house model that drives value creation and strategic growth, and we’re proud to back their expansion,” said Jihane Hassad, Director, TMT Investment Group at Crayhill. “As the music industry landscape evolves, Crayhill is well positioned to provide tailored capital solutions that enable Rostrum to pursue catalog opportunities of any scale and integrate them into its robust, fully independent, and already-established ecosystem.”