MUMBAI: Spirit Music Group, one of the world's leading independent music publishing companies, announced today that it has obtained $50 million in new capital commitments from Fortress Credit Corp., to pursue its expansion plans. This investment brings Spirit's total capital raised since 2012 to more than $100 million.

Spirit Music Group will use this capital to acquire additional music rights, both publishing and masters, as well as to increase its roster of iconic catalogs, A&R activities and further expand its international presence.

"Spirit Music Group is on an aggressive growth path. We are pleased that Fortress has shown confidence in Spirit's current business, staffing and vision to partner with us as we enter this exciting next phase of Spirit's growth," said Spirit Music Group Chairman David Renzer.

Spirit was advised by MESA on the transaction.

Spirit Music Group's global network currently includes offices in New York, London, Los Angeles, Nashville and the Netherlands