Carlyle Group co-CEO Kewsong Lee is optimistic in regards to the non-public fairness agency's funding in famous person Taylor Swift."I've received
Carlyle Group co-CEO Kewsong Lee is optimistic in regards to the non-public fairness agency’s funding in famous person Taylor Swift.
“I’ve received each confidence on the planet that it will turn into a profitable funding,” Lee advised CNBC”s Wilfred Frost on “Squawk on the Street” on Wednesday.
Swift and music govt Scooter Braun have been battled over the rights to Swift’s works since June, when her former supervisor Scott Borchetta introduced he bought his music label, Massive Machine Label Group and Swift’s total back-catalog to Braun’s media firm, Ithaca Holdings. Carlyle Group, which has been an investor in Ithaca Holdings since 2017, helped finance the deal.
Swift protested the preliminary sale, and he or she has stated Braun and Borchetta are placing restrictions on her ability to use her older music on televised performances. Swift has referred to as on the Carlyle Group for assist.
“I am particularly asking for assist from The Carlyle Group, who put up cash for the sale of my music to those two males,” Swift wrote in a Tumblr publish.
Within the CNBC interview, Lee declined to touch upon the precise matter.
Lee stated he isn’t concerned within the day-to-day operations of all of Carlyle’s portfolio firms, however he’s assured in his administration group.
“Once you’re within the investing enterprise, you have got all types of dangers from regulatory to financing. These dangers are not any completely different,…