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Songwriter “Despacito” Luis Fonsi sells his catalog to HarbourView

Luis Fonsi, co-writer and singer of the massive global hit “Despacito” and many more, has sold his entire publishing catalog to HarbourView Equity Partners, the global alternative asset management firm founded by Sherrese Clarke Soares.

Terms of the deal, which an announcement said was negotiated and completed in two weeks, were not disclosed. Billboard reports that the deal includes both songwriter’s and publisher’s share on all songs Fonsi wrote or co-wrote; Sony Music Publishing will continue to administer its catalog.

“We are extremely excited to acquire the multi-platinum selling catalog of world-renowned artist Luis Fonsi,” said Clarke Soares. “This remarkable acquisition firmly anchors us in our mission to support creators and maximize value for all and is a fantastic addition to our existing portfolio of iconic intellectual property.”

Fonsi, born in Puerto Rico, is one of the most successful Latin artists of the past 25 years, since the release of his debut album “Comenzaré” in 1998.

He has won five Latin Grammy Awards, 12 Latin Billboard Awards, 17 Premios Juventud Awards, two American Music Awards and received seven Guinness World Records titles for “Despacito”, which was co-written with Erika Ender and Daddy Yankee and became an even bigger hit when Justin Bieber appeared on a remix — that version of the song topped the Billboard Hot 100 for 16 weeks in 2019, tying the record set by Mariah Carey and Boyz II Men’s “One Fine Day.”

Fonsi’s ninth and final album, “Vida,” debuted at No. 1 on Billboard’s Top Latin Albums chart of 2019.

Launched last fall, HarbourView focuses on investment opportunities in the media and entertainment space. Apollo Global Management and its clients and funds serve as lead investors in HarbourView. Clarke Soares previously held positions at CIT, Morgan Stanley and Tempo Music.

Alter, Kendrick and Baron served as counsel to HarbourView on the transaction. Luis Fonsi is represented by Angie Martinez, Esq. and Denny Marte at MPA Advisors, LLC.