Charles Goldstuck's investment firm has purchased publishing and recorded music royalty income streams from both companies for roughly $200 million.
The 10-time Grammy winner’s catalog includes triple-platinum album Breezin’, featuring the crossover hit "This Masquerade."
The company also appointed Victor Mijares as its first vp of Latin music.
The fintech platform provides indie artists financing in exchange for stakes in their masters, and it's the latest to capitalize on a flood of private equity funding.
The deal includes part of the reggaetón superstar's rights to "Gasolina," "Con Calma" and his rights as a featured artist on "Despacito."
The iconic singer-songwriter has a friend in the Carlyle-backed rights company.
Sources previously told Billboard that the band was seeking $1.2 billion for the assets.
The late producer's catalog includes megahits "Te Boté" and "La Jeepeta."
The Nasdaq-traded company, which went public through a SPAC merger in 2021, plans to raise $100 million in a secondary offering.
Since its 2021 launch, the Korean firm has almost exclusively invested in Asian catalogs.
