HSF added: "Among its investments within the media and entertainment sectors, through its portfolio company Hipgnosis Songs Assets, managed by Hipgnosis Song Management Ltd which is majority owned by Blackstone, Blackstone owns music rights catalogues from leading artists and songwriters. Blackstone's other investments in the space include SESAC, the US performance rights society and Candle Media." Hipgnosis Song Management is HSF's investment adviser. - OTHER COMPANIES - Petrofac delayed its annual results, warned it will book "an incremental loss" in its Engineering & Construction arm and reported an update in its financial restructuring. The oilfield services firm said an "ad-hoc group" of senior secured noteholders have proposed giving the company "further credit" of up to USD300 million. The financing would "require the conversion of a significant proportion of the group's existing debt to equity", the company said.