Hipgnosis Songs Fund Limited
SONG.L
London Stock Exchange94.06
GBp
-7.74
(-7.60%)
Hipgnosis Songs Fund Limited
SONG.L
(London Stock Exchange)
Recent
price
94.06
P/E
ratio
-10.45
div
yld
- -
ROIC.AI
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- Hipgnosis Songs Fund Limited (SONG.L) operates as a Guernsey-domiciled, closed-ended investment fund that acquires and manages songs and associated musical intellectual property rights, including master recordings and producer royalties; it builds a diversified portfolio across genres such as pop, rock, hip-hop and R&B, encompassing over 60,000 songs from more than 150 catalogues valued at approximately $2.36 billion at acquisition, featuring hits from artists including Shakira, Nelly, Red Hot Chili Peppers, Bon Jovi and 50 Cent. The fund, founded in 2018 and listed on the London Stock Exchange until its delisting, targets institutional and retail investors seeking exposure to music royalties as an asset class, with operations structured through wholly owned subsidiaries in Guernsey and the UK for tax-efficient income management; its catalogue includes eight of Spotify's top 25 most-played songs of all time and four of Billboard's top five songs of the decade. In July 2024, Blackstone's subsidiary Lyra Bidco completed a $1.6 billion take-private acquisition at $1.31 per share following shareholder approval and a bidding war that outpaced Concord's offer, leading to the fund's privatization and delisting from the LSE; subsequently in November 2024, Hipgnosis executed a landmark $1.47 billion asset-backed securities issuance backed by its music rights portfolio, one of the largest music royalty securitizations ever, with Lyra 24-2 refinancing prior obligations; by March 2025, the broader Hipgnosis entity rebranded as Recognition Music Group integrating Hipgnosis Songs Fund and Hipgnosis Songs Assets, before Sony Music Publishing acquired Hipgnosis Songs Group—a related administration business—from Blackstone in June 2025. Headquartered in Guernsey with investment advisory from The Family (Music) Limited, the fund emphasizes song management, performance optimization and songwriter advocacy to enhance royalty streams and long-term value.