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Supporting success: Hipgnosis Songs Fund Limited to be added to FTSE 250

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Supporting success: Hipgnosis Songs Fund Limited to be added to FTSE 250

We are delighted to share in the good news that Hipgnosis Songs Fund Limited will be added to the FTSE 250 Index effective after market close on 20 March 2020.

A Guernsey registered investment company established to offer investors a pure-play exposure to songs and musical intellectual property rights, we have administered the fund from its IPO in July 2018.

The Hipgnosis Songs Fund was successfully added to the premium segment of the main market in November 2019 and has flourished, raising over £625 million gross equity capital from investors in three equity fund-raises.

Director, Mariana Enveoldsen said: "Congratulations to the Hipgnosis team on achieving FTSE 250 status! The remarkable success of Hipgnosis Songs demonstrates how Ocorian’s fund administration expertise supports new managers and their funds as they grow."

The fund's founder and former manager of artists such as Sir Elton John and Guns'N'Roses, Merck Mercuraidis said: "This is a tremendous achievement in only 20 months and I would like to thank our investors and our incredible songwriters for their belief and helping us to firmly establish proven songs as an asset class. We now have a strong track record in raising money, investing it in great songs, managing them well and paying dividends. We have a tremendous pipeline in place to continue, in what are very challenging times, to give the financial community access to these wonderful assets that have very low correlation to wider markets."

Supporting investment success

We are a leader in the Guernsey funds market, delivering a truly tailored service that is scalable and efficient. We support your fund structure to ensure it is maintained in good standing throughout its life cycle, no matter the complexity. To discuss how we can support your fund needs, get in touch with our team below or to find out more, click here.

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