Overview
Lyric is organized as a limited partnership under the laws of the State of Delaware. Lyric was
founded in November 2018 and is wholly owned by Jonathan Singer (“Managing Partner”) and
Ross Cameron (“Partner”) (collectively the “Principals”).
Lyric serves as an investment manager and provides discretionary advisory services to domestic
and offshore private investment vehicles (each a “Fund” and collectively the “Funds”). The Funds
are structured as Delaware limited partnerships and Cayman Islands exempted limited companies.
Certain limited liability companies that are affiliates of Lyric serve as the general partners of the
Funds (each, a “General Partner” and collectively, the “General Partners”). Shares or limited
partnership interests in the Funds are not registered under the U.S. Securities Act of 1933, as
amended (the “Securities Act”) and are offered on a private placement basis, in compliance with
the exemptions provided by the Investment Company Act of 1940 (the “Investment Company Act”),
to persons who are “accredited investors” and/or “qualified purchasers” (or “knowledgeable
employees”) as defined under the Investment Company, and subject to other conditions that are
set forth in the offering documents of the Funds (collectively “Limited Partners” or “Investors”).
The Funds invest primarily
in copyrighted music material and operating companies whose assets
relate to copyrighted music materials with a significant focus on material that is based on the
English language and will pursue opportunities where it can maximize the copyright materials’
value and cash yield. As of December 31, 2023, Lyric has approximately $658,650,006 in
regulatory assets under management.
In providing services to the Funds, Lyric formulates the Funds’ investment objectives, directs and
manages the investment and reinvestment of the Funds’ assets, and provides reports to investors.
Investment advice is provided directly to the Funds and not individually to Limited Partners. Lyric
manages the assets of the Funds in accordance with the terms of the Funds’ confidential offering
and/or private placement memoranda, individual limited partnership or shareholder agreements,
and other governing documents applicable to the Funds (the “Governing Fund Documents”). All
terms are generally established at the time of the formation of the Funds and are only terminable
once the applicable Funds are dissolved, wound up, and terminated. The Limited Partners may not
restrict investments by the Funds in any capacity, and except in limited circumstances, Limited
Partners are not permitted to withdraw from the Funds prior to the Funds’ dissolution.