Oaktree completed a $375m investment in Primary Wave Music.

Oaktree Capital Management, a private equity firm, completed a $375m investment in Primary Wave Music, a music management agency. Oaktree will help strengthen Primary Wave’s financial positioning as an asset manager of music, and its investment will aid future catalog acquisitions. “The Primary Wave team is honored to have such a respected financial institution and talented team supporting our efforts. Bruce Karsh and I have had a working relationship for over 15 years and he has the unusual combination of business savvy and creative sensibility towards music,” Larry Mestel, Primary Wave Founder & CEO.