JTC appointed to administer USD282m Round Hill Music Royalty Fund

JTC, the C.I.-based administrator, has been appointed as administrator and registrar for the Round Hill Music Royalty Fund Limited following its listing on the specialist fund segment of the main market of the London Stock Exchange, for which JTC acted as receiving agent. The fund raised USD282m on launch and will be managed by Round Hill Music LP, a music publisher based in New York. Round Hill Music is a private equity firm exclusively dedicated to investments in revenue generating music copyright assets. Round Hill Music intends to purchase a portfolio of 120,000 songs from 40 catalogues by artists including The Beatles, The Rolling Stones, and Celine Dion.