Independent music company Spirit Music Group has obtained $50 million in new capital commitments from Fortress Credit Corp.

The investment brings Spirit’s total capital raised since 2012 to more than $100 million.

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

The company’s repertoire includes hits by Frank Sinatra, Billie Holliday, Elvis Presley, The Beach Boys and T.Rex, ...