Bridgepoint has entered into a strategic partnership with music investment platform GoldState Music, in which it will commit a significant investment as lead investor in GoldState’s growth strategy.
The undisclosed amount of capital will support a dedicated investment programme focused on building and scaling high-quality, music-oriented businesses globally.
GoldState Music is a private investment firm founded in 2022 by Charles Goldstuck, who has played an key role in the development of a number of music enterprises, as well as in the careers of numerous major artists and songwriters.
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The company’s growth strategy is focused on investing in and scaling growing businesses operating in the music value chain, combining deep industry relationships with institutional investment discipline and structured capital solutions.
Under the strategic partnership, GoldState will originate and actively manage the Growth Strategy’s underlying investments, drawing on its operating expertise and deep industry relationships.
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GoldState’s focus will be on growing, profitable companies with healthy organic growth rates, with target areas spanning rights management platforms, digital distribution, music technology and related infrastructure.
“The music space continues to exhibit robust structural growth, supported by streaming expansion and the increasing global independence of artists. Led by Charles, GoldState has an exceptional track record of capitalising on these dynamics and is perfectly complemented by Bridgepoint’s growing expertise in providing creative capital solutions across the music ecosystem,” said Rohit Dhote, partner and co-head of credit opportunities at Bridgepoint.
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“The continued expansion of the music ecosystem, coupled with the vibrancy we see in all facets of the industry, makes this one of the most exciting times in recent music investing. Partnering with Bridgepoint is a natural expansion of our investment activities,” added Charles Goldstuck, founder and managing partner of GoldState Music.
It comes after Bridgepoint announced a $150m (£111m) partnership with Rezonate Music Rights last year, which saw Bridgepoint acquire a minority stake in the business.
