Seeker Music Group, the music rights, publishing, and record company led by Evan Bogart with backing from M&G Investments, has closed its inaugural USD $267 million ABS (Asset Backed Securitization).
Backed by Seeker Music’s portfolio and arranged by M&G’s Structured Finance team, the deal was rated by Fitch, Kroll and S&P.
According to Los Angeles-headquartered Seeker, it will enable the company to expand its catalog, invest in talent, and modernize its rights management technology, while providing M&G’s clients with “diversification, uncorrelated returns and growth opportunities.”
Established in 2020, Seeker says it is now worth in excess of $400 million. Its catalog of more than 19,000 copyrights and master recordings includes works by Beyoncé, Christopher Cross, Drake, The Go-Gos, Jay Sean, J-Kwon, Joan Jett, Lewis Capaldi, Miley Cyrus, One Direction, Run the Jewels, and SWV.
Central to Seeker’s approach is what it calls “Samplémoose,” a program that brings songwriters and producers together to interpolate catalog tracks into new releases. Its biggest success to date is Shaboozey’s Grammy-nominated A Bar Song (Tipsy), built from J-Kwon’s original, which spent 19 weeks at No. 1 on the Billboard Hot 100. The company also turned JoJo’s 2006 hit Too Little Too Late into 2 Little 2 Late, a 2025 release by Levi featuring Mario.
“This is an important moment for Seeker and for the music we champion.”
Evan Bogart, SEEKER MUSIC
Seeker says it has also brought catalogs including Christopher Cross’ to record streaming numbers, and increased the cultural reach of acts like Run the Jewels and Joan Jett through social media campaigns and new visual content.
“This is an important moment for Seeker and for the music we champion,” said Bogart, Chief Executive of Seeker Music. “This partnership is the fuel behind our mission to transform how music rights are managed, valued and celebrated.
“Together with M&G, we’ve created a home where songs and legacies get the respect they deserve – and this capital empowers us to move even faster.
“We’re expanding our creative footprint and proving that a creator-led model is the future of music rights management and the standard the modern industry demands.”
“This transaction reflects the increasing sophistication of music royalty financing and its evolution as a long-term asset class.”
Stéphane Rummelhard, M&G
Stéphane Rummelhard, Director, Head of Royalties and Asset-Based Equity at M&G, said: “This transaction reflects the increasing sophistication of music royalty financing and its evolution as a long-term asset class.
“By applying institutional grade structuring to high-quality music IP, we’re enabling Seeker to finance its growth in a way that supports the long-term stewardship of catalogues, continued investment in creativity, and the ability for songs to reach new audiences over time.”
“The strong market reception underscores continued investor demand for music‑backed financings.”
Salina Sabri, BARCLAYS
Barclays acted as sole structuring and lead placement agent, with MUFG serving as joint placement agent.
“Congratulations to Seeker Music Group and M&G on this exciting milestone,” added Salina Sabri, Managing Director at Barclays. “This transaction, rated by Fitch, Kroll and S&P, not only finances Seeker’s existing catalog but is also structured to provide additional capacity to fund assets in its near-term pipeline.
“The strong market reception underscores continued investor demand for music‑backed financings.”
Seeker’s deal is the latest in a wave of music-backed securitizations that has gathered significant pace in recent years.
In July 2025, Concord closed a $1.765 billion ABS — the largest and longest-tenured music-backed securitization to date — backed by more than 1.3 million music copyrights. It followed an $850-million issuance in October 2024, part of which was used to acquire a $217 million catalog from Latin music superstar Daddy Yankee.
Also in July 2025, Blackstone-owned Recognition Music Group (formerly Hipgnosis) priced a $372 million bond deal, having previously closed a $1.47 billion ABS transaction in November 2024.
In June 2025, HarbourView secured $500 million in additional debt financing from KKR via a private securitization backed by its music portfolio, following a previous $500 million securitization in March 2024.
In January 2025, Influence Media Partners secured approximately $360 million in debt financing through an inaugural private securitization, collateralized by music royalties from its portfolio.
In October 2024, Duetti raised $80 million through its first ABS transaction, backed by a diversified catalog of independent music rights.
And in March 2024, Kobalt confirmed the raise of $266.5 million via its first-ever ABS transaction, backed by music royalties from a catalog of more than 5,000 works from 66 writers.
Seeker’s recent catalog acquisitions include the publishing and music rights of British pop-R&B star Jay Sean, producer Robert “Bobby Bass” Larow, and Grammy-nominated producer Cardiak in July 2025, and the publishing rights to British indie-rock band The Wombats’ first four albums in November 2024.
Earlier acquisitions include the catalogs of Christopher Cross, Joan Jett, Run the Jewels, Charlotte Caffey of The Go-Go’s, Mark Morrison, and UK production duo Future Cut.
Music Business Worldwide