Private Credit Arbitrage Trade Gets Momentum as Redemptions Rise

TL;DR

Private Credit Arbitrage Trade Gets Momentum as Redemptions Rise Taylor Swift upended the economics of the music industry by buying back her first six albums. Now, her most famous co-writers have sold the publishing rights to at least two of her chart-topping singles to a private equity company. It’s a deal that puts a price tag on the hidden half of Swift’s catalog — not the recordings fans and Swift fought over, but the songwriting royalties investors believe will keep paying for decades.