William Ahdritz, the former CEO (chief executive officer) and Chairman of Kobalt, has established Ahdritz Capital Partners (ACP). The investment firm brings his individual investing into a formal business focused on media infrastructure, audience platforms, and entertainment and technology ventures.
Isabel Keulen and Stephen Langer have joined ACP as Investment Partners. The firm has not disclosed the size of its fund.
Ahdritz invested independently during his time leading Kobalt, including leading a funding round for artist marketing platform un:hurd.
He departed Kobalt on July 7, the date the acquisition of Primary Wave Music was completed. Ahdritz had held the Chairman and CEO roles since founding Kobalt in 2000.
Before launching ACP, he created two investment entities: Ahdritz & Co, an investment advisory firm, and Ahdritz Holding LLC, an investment vehicle.
“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.”
