Willard Ahdritz
William Ahdritz Launches Music and Media Investment Firm Following Kobalt Departure
Ahdritz was CEO and Chairman of Kobalt until the acquisition of Primary Wave
Former CEO and Chairman of Kobalt, William Ahdritz, has launched a new investment firm called Ahdritz Capital Partners (ACP). The company will focus on funding media infrastructure, audience platforms, and other ventures within entertainment and tech.
The details:
ACP has employees in Stockholm and New York.
Isabel Keulen and Stephen Langer are Investment Partners at the company.
At this time, there is no information on the size of the fund.
ACP formalizes Ahdritz’s individual investment activities that he was conducting alongside running Kobalt.
While running Kobalt, Ahdritz led a funding round for the artist marketing platform un:hurd.
Background:
Ahdritz left Kobalt on July 7, the same day its acquisition of Primary Wave Music was complete.
He had been Chairman and CEO of Kobalt since founding the company in 2000.
Music Business Worldwide has reported that Ahdritz set up two more investment companies prior to ACP: “an investment advisory firm, Ahdritz & Co, and an investment vehicle, Ahdritz Holding LLC.”
What they said:
Ahdritz: “Music is global, yet the capital and networks founders need have been concentrated in a few cities. We want to support founders and innovation not only in those markets, but also in other parts of the world too. After investing on my own for the last few years, the moment felt right to put together a great team to invest in and advise promising entrepreneurs.”
👋 Disclosures & Transparency Block
This article was written with information sourced from Music Business Worldwide.
We covered it because Ahdritz is a veteran music executive. His new firm could bring significant developments to the industry.
