Larry Mestel, CEO, Primary Wave: Bob Marley, Whitney Houston, and Spending $800 million

<p>Is Larry Mestel about to raise a billion dollars? Don&apos;t bet against it.<br/><br/>Mestel&apos;s Primary Wave has already raised over $800m in the past four years via two IP funds: a $300m fund in 2016, backed by Black Rock, and a further $500m-plus fund launched last year.<br/><br/>This money has been used by Primary Wave to acquire assets that live up to the company&apos;s billing as &quot;the home of legends&quot;. <br/><br/>As such, Primary Wave now owns substantial stakes in the song catalogs of the likes of Ray Charles, Bob Marley, Whitney Houston, Smokey Robinson and the Four Seasons.<br/><br/>Now, Mestel tells the MBW Podcast that Primary Wave is plotting an additional raise of equity that will be &quot;significantly bigger&quot; than those that have come before – although he&apos;s remaining tight-lipped on what form this might take.<br/><br/>Other topics covered in this discussion between Mestel and MBW founder, Tim Ingham, include Primary Wave&apos;s record label-esque approach to marketing,  why the firm might consider a fundraise on the stock exchange, and the fiercely competitive modern music rights acquisition marketplace. </p>