Primary Wave Sells $375M Stake to Oaktree Capital

Oaktree Capital Management has paid $375 million to acquire a significant minority stake in Primary Wave Music, the companies announced Friday (June 11). A portion of that investment will be used to complete funding for a new commingled music intellectual property fund, which Primary Wave established earlier this year.
Primary Wave Music operates music publishing, record label and artist management divisions and runs two commingled funds it started in 2016 and in 2019. Those music asset funds an