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GoldState Music Raises US$500 Million in Strategic Capital With Investment From Northleaf Capital and Ares Management

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GoldState Music has secured US$500 million in strategic capital through a structured capital facility co-led by Northleaf Capital Partners and Ares Management funds, along with separately raised leverage. The capital injection will support GoldState's strategy to acquire music rights and address the growing demand for music rights monetization.

The company, founded by Charles Goldstuck, aims to build a diversified portfolio of music assets across artists and genres. The partnership with these institutional investors is expected to enhance GoldState's growth and differentiation in the music rights investment space, benefiting artists, investors, and stakeholders.

GoldState Music ha ottenuto 500 milioni di dollari USA di capitale strategico tramite una struttura finanziaria co-guidata da Northleaf Capital Partners e dai fondi di Ares Management, insieme a un leverage raccolto separatamente. L'iniezione di capitale sosterrà la strategia di GoldState di acquisire diritti musicali e rispondere alla crescente domanda di monetizzazione dei diritti musicali.

Fondata da Charles Goldstuck, l'azienda punta a costruire un portafoglio diversificato di asset musicali che abbracciano artisti e generi. La collaborazione con questi investitori istituzionali dovrebbe potenziare la crescita e la differenziazione di GoldState nel settore degli investimenti nei diritti musicali, a beneficio di artisti, investitori e stakeholder.

GoldState Music ha asegurado 500 millones de dólares estadounidenses en capital estratégico a través de una estructura financiera copresidida por Northleaf Capital Partners y los fondos de Ares Management, junto con un apalancamiento recaudado por separado. La inyección de capital apoyará la estrategia de GoldState para adquirir derechos musicales y atender la creciente demanda de monetización de derechos musicales.

La compañía, fundada por Charles Goldstuck, tiene como objetivo construir un portafolio diversificado de activos musicales que abarque artistas y géneros. La asociación con estos inversores institucionales se espera que impulse el crecimiento y la diferenciación de GoldState en el espacio de inversión en derechos musicales, beneficiando a artistas, inversores y partes interesadas.

GoldState MusicNorthleaf Capital PartnersAres Management 펀드가 공동 주도한 구조화 자본 시설을 통해 5억 달러의 전략적 자본을 확보했으며, 별도로 조달된 레버리지도 포함됩니다. 이 자본 투입은 GoldState가 음악 권리를 인수하고 음악 권리 수익화에 대한 증가하는 수요에 대응하는 전략을 지원할 것입니다.

찰스 골드스턱(Charles Goldstuck)이 설립한 이 회사는 아티스트와 장르 전반에 걸쳐 다양화된 음악 자산 포트폴리오를 구축하는 것을 목표로 합니다. 이러한 기관 투자자들과의 파트너십은 GoldState가 음악 권리 투자 분야에서 성장과 차별화를 이루는 데 기여하여 아티스트, 투자자 및 이해관계자들에게 혜택을 줄 것으로 기대됩니다.

GoldState Music a sécurisé 500 millions de dollars US de capital stratégique via une facilité de capital structurée co-dirigée par Northleaf Capital Partners et les fonds de Ares Management, ainsi qu'un levier levé séparément. Cette injection de capital soutiendra la stratégie de GoldState visant à acquérir des droits musicaux et à répondre à la demande croissante de monétisation des droits musicaux.

Fondée par Charles Goldstuck, la société vise à constituer un portefeuille diversifié d’actifs musicaux couvrant artistes et genres. Le partenariat avec ces investisseurs institutionnels devrait renforcer la croissance et la différenciation de GoldState dans le domaine de l’investissement dans les droits musicaux, au bénéfice des artistes, des investisseurs et des parties prenantes.

GoldState Music hat über eine von Northleaf Capital Partners und den Fonds von Ares Management gemeinsam geführte strukturierte Kapitalfazilität sowie separat aufgenommenen Fremdkapital 500 Millionen US-Dollar an strategischem Kapital gesichert. Die Kapitalzufuhr wird GoldStates Strategie unterstützen, Musikrechte zu erwerben und der wachsenden Nachfrage nach Monetarisierung von Musikrechten gerecht zu werden.

Das von Charles Goldstuck gegründete Unternehmen hat das Ziel, ein diversifiziertes Portfolio an Musik-Assets über Künstler und Genres hinweg aufzubauen. Die Partnerschaft mit diesen institutionellen Investoren soll das Wachstum und die Differenzierung von GoldState im Bereich der Musikrechte-Investitionen fördern und Künstler, Investoren sowie Stakeholder gleichermaßen zugutekommen.

Positive
  • Secured substantial funding of US$500 million for business expansion
  • Strategic partnership with major institutional investors enhances growth potential
  • Positioned to capitalize on increasing demand in music rights market
Negative
  • Terms of the private transaction not disclosed, limiting transparency

Insights

Ares Management expands into music royalties with GoldState funding - diversifies alternative asset portfolio with uncorrelated income streams.

Ares Management's co-led $500 million structured capital facility for GoldState Music represents a strategic move into the growing music rights investment space. This transaction positions Ares to capitalize on the increasing trend of artists monetizing their music catalogs, which typically offer stable, contractually-protected royalty streams with correlation to traditional market cycles.

The investment aligns perfectly with Ares' diversification strategy across alternative asset classes. Music rights have emerged as an institutional-grade investment category, with firms like Blackstone, KKR, and Apollo already establishing significant positions. For Ares, this represents an opportunity to tap into predictable cash flows that often feature inflation protection characteristics through growing streaming revenues.

While specific terms remain undisclosed, structured capital facilities in music rights typically combine debt-like protections with equity upside potential. Given Ares' $29.1 billion market capitalization, this transaction alone isn't transformative but demonstrates their continued expansion beyond traditional credit and private equity investments.

For Ares shareholders, this represents a strategic fit with the firm's expertise in specialty finance and asset-based lending. The investment should enhance Ares' ability to offer diversified return profiles to their institutional investors seeking uncorrelated yield in today's challenging market environment.

Capital Will Facilitate GoldState’s Strategy to Acquire Music Rights and Meet Growing Artist Demand for Music Rights Monetization

WEST PALM BEACH, Fla.--(BUSINESS WIRE)-- GoldState Music (“GoldState” or the “Company”), a premier music rights investment platform today announced that it has raised US$500 million in strategic capital, including a structured capital facility co-led by Northleaf Capital Partners (“Northleaf”) and Ares Management funds (“Ares”) as well as separately raised leverage. Additional terms of the private transaction were not disclosed.

“Our new relationship with Northleaf and Ares marks the next step in the evolution of our music investing strategy,” said Charles Goldstuck, Founder and Managing Partner of GoldState. “This additional capital will enable us to further accelerate our ability to capitalize on increasing demand for music and build a diversified portfolio of music assets across artists and genres. As leading institutional investors, Northleaf and Ares bring critical experience that will support GoldState’s continued growth and differentiation to the benefit of our artists, investors and other stakeholders.”

“Led by Charles, GoldState is well-positioned to execute on a disciplined music acquisition strategy, and Northleaf is pleased to support the Company and its exceptional team,” said CJ Wei, Managing Director, Private Credit at Northleaf. “Northleaf’s investment in GoldState directly aligns with our asset-based specialty finance strategy, which is designed to provide our investors with diversified and low correlation exposure while delivering strong cash yield.”

“Charles and GoldState Music bring a bold, visionary approach to music rights investment that seeks to empower artists,” said Jeevan Sagoo, Managing Director at Ares Management. “We are excited to collaborate with them and provide Ares’ deep sector and investment experience as they advance their long-term growth and value creation strategy.”

About GoldState Music

GoldState Music is a private investment firm with a primary focus on the music sector. GoldState invests in music rights, enterprises in need of growth and expansion capital, as well as emerging music technology. The firm was founded in 2022 by Charles Goldstuck, and currently has offices in West Palm Beach, FL and Lake Nona, FL (Orlando). The team consists of experienced industry professionals who are deeply rooted in the music ecosystem.

About Northleaf Capital Partners

Northleaf Capital Partners is a global private markets investment firm with more than US$28 billion in private equity, private credit and infrastructure commitments raised to date from public, corporate and multi-employer pension plans, endowments, foundations, financial institutions and family offices. Northleaf’s 275-person team is located in Toronto, Chicago, London, Los Angeles, Melbourne, Menlo Park, Montreal, New York, Seoul and Tokyo. Northleaf sources, evaluates and manages private markets investments, with a focus on mid-market companies and assets. For more information, please visit www.northleafcapital.com.

About Ares Management Corporation

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of December 31, 2024, including the acquisition of GCP International which closed on March 1, 2025, Ares Management Corporation’s global platform had over $525 billion of assets under management, with operations across North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.

This document is for informational purposes only and does not constitute a general solicitation, offer or invitation in any Northleaf-managed funds in the United States or in any other jurisdiction and has not been prepared in connection with any such offer.

GoldState:

Yonas Aregai

Chief of Staff

yonas@goldstate.com

Northleaf:

Sneha Satish

Stanton

+1 646 502 3556

ssatish@stantonprm.com

Gina Lee

Northleaf

Director, Corporate Communications & Corporate Investor Relations

+1 416 389 7667

gina.lee@northleafcapital.com

Ares:

Jacob Silber

media@aresmgmt.com

Source: GoldState Music

FAQ

How much capital did GoldState Music raise in their latest funding round?

GoldState Music raised US$500 million in strategic capital through a structured facility co-led by Northleaf Capital Partners and Ares Management funds, plus separately raised leverage.

What is the purpose of GoldState Music's US$500 million capital raise?

The capital will be used to acquire music rights and meet growing artist demand for music rights monetization, while building a diversified portfolio across artists and genres.

Who are the main investors in GoldState Music's latest funding round?

The main investors are Northleaf Capital Partners and Ares Management funds (ARES), who co-led the structured capital facility.

What is GoldState Music's business strategy following this investment?

GoldState plans to accelerate its music investing strategy by capitalizing on increasing music demand and building a diversified portfolio of music assets across artists and genres.
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