Financial terms of the deal were not disclosed. The Michaels acquisition is the second from Influence Media’s music fund with the Municipal Employees’ Retirement System (MERS of Michigan), which boasts $100 million in initial capital to invest in the recording and publishing rights of commercially proven songs. Its first joint acquisition, of select copyrights from songwriter Ali Tamposi’s catalog, was announced in April. “Like Carole King, Sia and Bruno Mars before her, Julia Michaels belongs in the pantheon of great songwriters who can write classics for themselves as well as other artists,” said Lylette Pizarro, founder and co-managing partner of Influence Media, in a statement. “We’ve wanted to be in business with Julia since the days we were first founded in 2018, and are thrilled that her team took a chance on us in what was a very competitive deal-making process.”