PRIMARY WAVE IP INVESTMENT MANAGEMENT LLC
PRIMARY WAVE IP INVESTMENT MANAGEMENT LLC is a Series C+, buyout and other fund in the US and global writing $10M+ checks into music-ip and royalties.
- Stages
- Series C+, buyout, other
- Sectors
- music-ip, royalties
- Check size
- $10M+
- Invests in
- US-wide, global
- Actively investing
- Yes
- Founded
- 2006
- Assets under management
- $5.9B
Thesis
Their strategy aims to generate strong cash yields and consistent annual income growth by targeting high-quality, well-seasoned music assets. A key differentiator is their active management approach, utilizing marketing expertise and a dedicated platform to enhance the value of acquired IP. They often prefer partial stakes to align interests. The firm operates multiple funds, with Fund 4 being the largest closed-end music royalties fund at $2.225 billion. Their AUM reached approximately $5.9 billion as of March 31, 2026. Investments are sourced through proprietary channels and inbound deal flow. The typical investment size within Fund 4 averages over $10 million per catalog, with over $700 million invested across more than 65 single-artist catalogs. Their geographic scope is global, with a strong presence in the United States.
Common questions
Does PRIMARY WAVE IP INVESTMENT MANAGEMENT LLC invest at the Series C+ stage?
Yes. PRIMARY WAVE IP INVESTMENT MANAGEMENT LLC lists Series C+, buyout and other among the stages it invests in.
What check size does PRIMARY WAVE IP INVESTMENT MANAGEMENT LLC write?
PRIMARY WAVE IP INVESTMENT MANAGEMENT LLC writes $10M+ checks.
Where does PRIMARY WAVE IP INVESTMENT MANAGEMENT LLC invest?
PRIMARY WAVE IP INVESTMENT MANAGEMENT LLC invests in the US and global.