Just three months after Blackstone acquired the music assets of Hipgnosis Songs Fund (HSF) and folded them into Hipgnosis Songs Management (HSM), the hit-filled catalog featuring the Red Hot Chili Peppers, Neil Young, Shakira and many other artists is backing securities that the company hopes will raise $1.47 billion. Lyra Music Assets is HSM’s second asset-backed securitization (ABS), which allows a company to raise capital and pay interest with the royalties generated by the catalog’s music publishing and recorded music rights. The assets in this catalog, acquired by Blackstone from the publicly traded HSF in Jul
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