Hipgnosis Songs Fund Limited (LSE:SONG) will seek acquisitions. The Company announced that it intends to raise a target of £200 million by way of a placing of new C Shares at a price of 100 pence per C Share under the Company's Placing Programme. The net proceeds of the Issue will be used to fund further acquisitions in line with the Company's Investment Policy to create further value for shareholders. This is also expected to continue to increase the diversity of the Portfolio and income streams. The Company currently expects to deploy the net proceeds of the Issue within three months.