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Scooter Braun to launch $120 million music investment fund

By | Published on Tuesday 12 November 2013

Scooter Braun

Scooter Braun is preparing to launch a $120 million investment fund in partnership with various big name artist managers and musicians, as well as figures from the tech and film industries, according to The New York Times.

Much of the money in the fund has reportedly been raised from investment firm Waddell & Reed Financial, while others Braun is said to have signed up include Drake, Shania Twain manager Jason Owen, ‘The Dark Knight’ producer Thomas Tull and former Lady Gaga manager Troy Carter. Braun’s most famous client, Justin Bieber, is also said to be involved.

Quite what the investment fund will invest in isn’t clear, though it is thought the initiative would get involved in both music tech and music rights ventures.