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Investors including Blackstone, Carlyle and Michigan’s state pension fund have raised at least $US4.4 billion ($6.7 billion) of debt backed by songs this year, a record amount that brings once-niche “Bowie bonds” into the mainstream as Wall Street hunts for yield.
Big investors have been packaging songs into securities backed by the revenues of hits from stars such as Justin Bieber, Lady Gaga and The Beatles.
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