Swift on Thursday plead for help from private equity firm Carlyle Group, which helped finance the deal to acquire her masters that she is protesting.
Taylor Swift wrote a Tumblr post in which she detailed her frustration over the terms of the sale of her back catalog to music managers Scooter Braun and Scott Borchetta and private equity firm Carlyle Group.Rep. Alexandria Ocasio-Cortez has railed against private equity firms before, pointing to the bankruptcies of retailers that occurred under their watch.
"Private equity groups' predatory practices actively hurt millions of Americans," AOC wrote on Twitter Friday night. Borchetta, Swift's former manager, announced he sold his music label, Big Machine Label Group and Swift's entire back-catalog to Braun's media company, Ithaca Holdings, in June. Carlyle Group, which has been an investor in Ithaca Holdings since 2017, helped finance the deal. Jay Sammons, who heads Carlyle's global consumer, media and retail team, stayed on the board of Ithaca Holdings,Carlyle has declined comment to CNBC.
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