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HarbourView’s Sherrese Clarke Soares discusses democratization of music; Bain Capital opines on GenAI

Good morning, Hubsters. MK Flynn here with today’s Wire.

We’ve got a good mix of PE deal stories for you this morning, featuring:

• An interview with Sherrese Clarke Soares, the founder and CEO of HarbourView, about acquiring a treasure trove of music rights from legendary musicians

• An interview with Bain Capital Tech Opportunities about Generative AI

• A 2024 private markets outlook from BlackRock

• A survey about talent at private companies from Deloitte

Let’s start with the Deep Dive.

I write the songs

Since its launch in 2021, HarbourView Equity Partners has been in the forefront of investing in music royalties and copyrights reports Iris Dorbian. The firm recently scooped up select music royalties of pop/rock icons Christine McVie, Pat Benatar and Neil Giraldo. The ink was barely dry on these deals when a week later the buyout shop said it was snapping up certain publishing assets of popular award-winning country singer/songwriter Kane Brown.

Iris Dorbian spoke with HarbourView founder and CEO Sherrese Clarke Soares as part of an ongoing series of Q&As with private equity thought leaders conducted by PE Hub and PE Hub Europe.

Upgrade to the premium version to read the interview.

Ch-ch-ch-ch-changes

Generative AI is swiftly changing how Bain Capital Tech Opportunities goes about its business, both in adoption by its portfolio companies and impacting its investment thesis, partner Darren Abrahamson told PE Hub Europe editor Craig McGlashan. 

Premium subscribers may read the interview.

For more of PE Hub’s ongoing series of Q&As with private equity thought leaders, see:

• Blackstone CTO John Stecher: ‘Generative AI can enhance private equity dealmaking’

• HarbourView’s Sherrese Clarke Soares: Big buying opportunity plays music to her ears

• Blackstone’s Verdun Perry: ‘GPs are choosing to hold on to their best quality assets longer’

• Accenture’s Jay Scanlan: Deal partners request more ideas, increased support from operating pros

• NYSE’s Michael Harris optimistic about IPOs in 2024

Adjusting to a new era

BlackRock today released its 2024 Private Markets Outlook, with investment views on how private equity will evolve in the year ahead.

Upgrade to read the highlights on PE.

Leaning into reskilling

According to a new survey from Deloitte, Private Company Outlook: Talent, 60 percent of private company C-suite executives anticipate that cash flow may limit their ability to hire in the next 12 months.

To discover the key findings, upgrade to the premium version.

On that note, I’ll sign off for today. As always, you can reach me at [email protected]

Buyouts’ Chris Witkowsky will be with you tomorrow.

Cheers,

MK

Read the full wire commentary on PE Hub ...

Also of note (may require subscriptions)

Michael Zeller, head of artificial intelligence, strategy and solutions at Temasek, discusses what AI means for private equity, and why careful regulation is required to manage its rapid growth in private markets. (Private Equity International)

Continuing its 'Story of the Year' series, Private Equity International looks at how, defying fundraising headwinds, private equity's mega-funds continued to set records in 2023.

HSBC Asset Management is purchasing Singapore-headquartered private equity real estate firm SilkRoad Property Partners as it builds out its real estate business, PERE has learned.

Harpoon Ventures, an early-stage venture firm founded by Olympic swimmer Larsen Jensen, has closed on about $125 million for its third institutional fund, falling short of its $225 million target. (Venture Capital Journal)

In the latest episode of its Spotlight podcast, Private Equity International delves into the findings of PEI’s annual survey of the investor community to gauge how LP sentiment towards the asset class is evolving.