Music industry

Charles Towne Investment Management begins investing in the music industry

Published: October 4, 2021 at 10:00 a.m. EDT

CHARLESTON, SC, October 4, 2021 /PRNewswire/ — Charles Towne Investment Management (CTIM), the leading investment platform wholly owned by Charles Towne Holdings, is pleased to announce that it has successfully raised capital to make a series of investments in the music industry and closed its first transaction.

Charles Towne Investment Management has raised capital to make a series of investments in the music industry.

The company’s strategy is to invest in the best financially-positioned artist management and talent agency companies seeking liquidity and growth capital. They take minority stakes without control, allowing the property to retain its independence.

They plan to be a capital partner for additional growth or cash, strategic acquisitions, and special projects or ventures.

The effort at CTIM is led by Bill Stapletonlong-time agent Lance Armstrong and co-founder of the Austin City Limits Music Festival and Lollapalooza Chicago, and John McAvoy, former Chairman of Asset Management Finance, a subsidiary of Credit Suisse, and former Managing Director of Credit Suisse. They are joined by Andy BrusmanCEO of Charles Towne Holdings, an investment banker with a long history specializing in sports, media and entertainment.

This small group of investors will take on informal advisory roles where appropriate and has a plethora of experience in strategic sectors such as music, television, live events, entertainment, media, sports marketing, sports management and finance.

About Charles Towne Investment Management
CTIM is the asset management arm of Charles Towne Holdings. CTIM partners with proven commercial operators to seize opportunities where Charles Ville provides industrial and operational expertise. The organization engages in passive co-investments as well as the purchase of minority non-controlling interests where it takes the lead in pricing, structuring and oversight. Operating like a traditional merchant bank, CTIM secures investment capital as needed, allowing it to tailor creative capital solutions without constraint by a specific investment mandate. In 2020, CTIM made its first investment in NRG Esports, one of the world’s leading esports organizations founded by the co-owners of Sacramento Kings Mark Mastrov, Andy Miller and Shaquille O’Neal. Charles Towne Holdings is led by Chairman Dr. Harvey Schillerformer chairman and CEO of YankeeNets, chairman of Turner Sports, executive director of the United States Olympic Committee and commissioner of the Southeastern Conference. For more information, visit www.charlestowneholdings.com.

Show original content:

SOURCECharles Towne Investment Management

The above press release was provided courtesy of PRNewswire. The views, opinions and statements contained in the press release are not endorsed by Gray Media Group and do not necessarily state or reflect those of Gray Media Group, Inc.