Shamrock Capital, the controversial owner of Taylor Swift’s masters, sells a minority stake in the firm. RidgeLake Partners, a strategic partnership between Ottawa Avenue Private Capital and Apogem Capital, along with Bonaccord Capital Partners, have acquired a minority stake in Shamrock Capital, owning a small portion of Taylor Swift’s catalogue.
“The depth of Shamrock’s relationships and experience in its core markets is unmatched and we believe their ability to partner with growth companies, founders, and creators globally will continue to thrive in the years ahead,” says Todd Milligan, co-head of RidgeLake Partners.
Back in 2020, Taylor Swift’s catalogue was sold to manager Scooter Braun and his investment firm Ithaca Holdings. She stated she was only offered a deal to buy back her masters on agreeing to sign to ‘unfavourable conditions.’ Scooter Braun later sold her masters for $300 million to Shamrock Capital, a deal in which Swift claimed she had not been offered.
The deal has struck some trouble, as Taylor Swift has been promptly re-recording her old work to gain ownership of it. This has resulted in the re-releases, known as ‘Taylor’s Version’ being the versions used on soundtracks, TV, advertisements and the versions her dedicated fanbase ‘Swifties’ deliberately choose to stream.
Swift has since announced she wanted no relationship with Shamrock or other catalogue investors, causing her back catalogue to dilute in value.
