– Swedish investment firm Pophouse Entertainment Group AB raised €1 billion ($1.1 billion) for its first music fund.
– Co-founded by ABBA star Bjorn Ulvaeus and Conni Jonsson, founder and chair of EQT Group.
– Attracted global investors including pension groups, family offices, and sovereign wealth funds.
– About 30% of the fund’s capital is already deployed in catalogs of established artists like KISS, Cyndi Lauper, and Avicii.
– Investments also include shows and productions such as The Avicii Experience, Mamma Mia! The Party, and ABBA Voyage in London.
– Lennart Blecher, head of real assets at EQT, chairs the music-focused investor.
– Pophouse Fund I is the largest inaugural private-equity fund raised in Europe in the past decade and the biggest in the Nordic region.
– An additional €200 million raised via co-investment vehicles.
– Pophouse Managing Partner Johan Lagerlöf, former global head of catalog at Spotify, cites market stability as a key draw for investors.
