Justin Bieber’s manager is said to be launching a £120 million venture with a number of high profile musicians and managers that will act as a ‘strength in numbers’ partnership.

The New York Times describes a “coalition of managers and musicians” that is raising an investment fund in a bid to strengthen their combined position, according to sources.

Potential partners include rapper Drake and his management, former Lady Gaga manager Troy Carter and Shania Twain manager Jason Own. Meanwhile Board ...