Pophouse Entertainment, the Sweden-based music investment firm co-founded by ABBA's Bjorn Ulvaeus, has raised over EUR 1.2 billion (USD 1.3 billion) for its debut fund.

The entertainment sector-focused investment firm said in a media release that Pophouse Fund I raised over €1 billion ($1.1 billion), reaching its hard cap and making it, Pophouse, claimed, "on