Alignment Artist Capital
Alignment Artist Capital is a financial firm created in April 2015 as a service for established for global music creative individuals, to provide access to capital. Artists who secure funds from Alignment Artist Capital may use them to invest in or expand their businesses, build their audience or create new works. Alignment Artist Capital makes structured investments of between $5 million and $20 million per transaction, with a four to five year horizon into the business entity of established recording artists, songwriters or producers.
Alignment Artist Capital's financial backers are BlackRock, Inc., the world's largest asset manager.
Its co-founders are music executive and former head of A&M/Octone Records, James Diener, and private equity investor Howard Lipson. Octone's structure and private equity backing made it unique among other independent labels, which led to it being the subject to a Harvard Business School case study. Alignment board members include Diener, Lipson and BlackRock Alternative Investors Managing Director Matthew Bottein, as well as Patrick Q. Riordan.[1][2][3][4]
References
- ↑ "Subscription Center". PIOnline. Retrieved 2015-08-12.
- ↑ "BlackRock Investing In Musicians Through Alignment Artist Capital". Forbes.com. 2014-06-30. Retrieved 2015-08-12.
- ↑ "Industry Vets James Diener and Howard Lipson Launch Alignment Artists Capital, Backed By BlackRock". Billboard. 2015-04-06. Retrieved 2015-08-12.
- ↑ Kafka, Peter (2015-04-06). "Alignment Artist Capital Lends Millions to Music Stars". Re/code. Retrieved 2015-08-12.