Platforms pay songs every month.
We buy that income in advance.

Recurring income, turned into an alternative asset.

Royalties, ticket sales and creator payouts are recurring income and cash-flow receivables: real, dated and collected through an account we can see. Banks and funds rarely treat them as collateral. SONOR buys or licenses a share of that future income and packages it, in short cycles, as a stable, investable alternative asset for qualified investors.

The aim is one return stream that does not follow equity or credit markets and targets a stable total return.

Read the thesis → · Services and model →

How revenue-based financing works.

We advance against revenue that already exists, take our share at source, and return your capital in 12 months. Creators keep ownership.

1. 1Revenue is paid at source

   Platforms, ticketing and publishers pay into an account we control.

2. 2We advance part of it

   Cash and growth services, sized on recurring income.

3. 3Our share comes first

   Taken at source until the advance is recouped.

4. 4Month 12

   Investors get capital back, plus a preferred return.

5. 5The capital goes out again

   Recouped money funds the next advances.

Three classes for investors

What we look at, before we fund anything.

This is an anonymised sample of eight distributor statements, March to October 2026, and what it taught us about pricing.

See the full sample →

The founders.

Omar Fogliadini

Co-Founder and Managing Partner

Omar has managed his family's capital since he was 16. For thirty years he has done the same thing in different industries: find cash flows the market has mispriced, buy them right and protect the downside. He bought at auctions from 2005 and non-performing loans from 2007, before either was fashionable, and still does through Blackridge Special Situations in distressed real estate, SME carve-outs and owner successions. He has founded seven companies across health, AI, SaaS and real assets, sold three and listed one on AIM Italia in Milan; his start-up was the first start-up direct investment of Tamburi Investment Partners, the investor behind Bending Spoons' rise to its Nasdaq IPO. He has worked with AI since 2015, and spent fifteen years side by side with family offices from Switzerland to Dubai. SONOR puts it together: a data engine that prices overlooked music cash flows, the downside discipline of distressed investing, and the patience of someone who has always invested his own family's money first.

Maurizio Esposito

Co-Founder and Chief Risk and Governance Officer

Swiss fiduciary and multi-family office principal, with more than 30 years in financial compliance, cross-border legal structures, corporate governance and regulation.

He has worked on hundreds of wealth-preservation strategies, securitisations and private fund set-ups.

Schreber SA, founding partner and incubator. Swiss corporate incubator and holding company. It provides the governance, the compliance and the legal structure SONOR runs on.

We say it first.

The three newer strategies add their own risks: cancelled shows, platform bans, creators who leave. They stay on an interest list until we can underwrite them.