Markku Lonnqvist has been appointed Chief Investment Officer of Hipgnosis Song Management, reporting directly to the CEO Merck Mercuriadis.
Lonnqvist joins Hipgnosis from Pamplona Capital Management LLP, where he has been a partner for the past 17 years, managing investments in a number of funds in both Europe and North America.
Prior to that, he worked in investment banking in London and New York for nine years.
Hipgnosis Song Management is an investment advisor for two Hipgnosis-branded funds: listed in the UK Hipgnosis Song Foundationand Blackstone-backed private fund, Hipgnosis Songs Capital.
In addition, Blackstone is also an investor in Hipgnosis Song Management.
Thus, Hipgnosis Song Management not only executes the acquisitions on behalf of these two funds, but also handles the marketing and licensing strategy (synchronization, etc.) .
Merck Mercuriadis, CEO and Founder of Hipgnosis Song Management, said: “It is a testament to our fact that we established Songs as an asset class that someone with an extraordinary and successful lineage of Markku has chosen to join our mission. As Hipgnosis evolves and the type of Song content matures, it’s important that we continue to develop our capabilities.
“Markku’s knowledge and experience will allow us to bring even more sophistication to our processes, ensuring that we continue to deliver value to investors and musicians alike.”
Merck Mercuriadis, Hipgnosis
“The focus of our business will always be on the hugely successful and culturally important songs that are a constant part of our lives. Markku’s knowledge and experience will allow us to bring even more sophistication to our processes, ensuring that we continue to deliver value to our investors and musicians alike.
“The appointment of Markku and several key Investment Team appointments coming up in the next few weeks are clear demonstrations of the benefits to Hipgnosis Songs Fund shareholders in how we are improving our capabilities. themselves after partnering with Blackstone.”
Markku Lonnqvist, Chief Investment Officer, Hipgnosis Song Management said: “I strongly believe in Songs as an asset so I am delighted to be joining the team at Hipgnosis. Merck has established the asset class and created a market-leading platform with many exciting investment opportunities on the way.
“I look forward to building on existing expertise to ensure that our investment platform remains among the most sophisticated in the field for the benefit of our investors. in both the Hipgnosis Song Fund and the Hipgnosis Songs Capital as well as our musicians.”
Earlier this month, Hipgnosis announced that Hipgnosis Song Management – using funds from Hipgnosis Songs Capital – had get a music catalog from Leonard Cohen’s estate.
That category includes interests in 278 songs. In addition to the full acquisition of songs written by Cohen later in his career (2001-2016), Hipgnosis also acquired the writer’s share of songs in Cohen’s Stranger Music catalog, including those hits like Hallelujah. (Sony holds ownership of publisher shares in the Stranger Music catalog.)
In January, Hipgnosis announces it’s acquired 80% stake in country star Kenny Chesney’s recorded music royalty stream.Worldwide music business
https://www.musicbusinessworldwide.com/markku-lonnqvist-named-chief-investment-officer-at-hipgnosis-song-management/ Markku Lonnqvist Appointed Investment Director at Hipgnosis Song Management