Hipgnosis and its investment adviser The Family (Music) Limited raised £190 million in their latest round of funding.

"To raise £190 million in 72 hours and £420 million in two months during a pandemic is the greatest endorsement from the investment community for Hipgnosis and proven songs as an asset class," stated Hipgnosis Founder Merck Mercuriadis. "The uncorrelated returns songs provide have been very important to our shareholders during these difficult times and have only reinforced the belief in our thesis which has now become reality.

"We have made a tremendous impact on the songwriting community through our acquisitions and by pushing the agenda to improve the songwriter’s position in the economic equation. This has helped make us the buyer and custodian of choice amongst songwriters who are constantly providing us with exciting opportunities for pipeline."

The latest round of Placing Shares follows major deals in 2020, including the acquisition of Big Deal Music, now operating as Hipgnosis Songs Group, along with adding the catalogs of No I.D., RZA, Barry Manilow, Blondie's Harry & Stein, RedOne, Darkchild, Mark Ronson, Richie Sambora and bringing in UK execs Ted Cockle and Amy Thomson to the team.