Nelly is joining the wave of artists who are selling their music catalogs and cashing in on big bucks and lucrative deals as of late.

According to reports, HarbourView Equity Partners, the asset-management company founded by Sherrese Clarke Soares, announced today it has agreed to partner with and purchase “select” recorded-music assets of Grammy-winning rapper-singer Nelly, a rep for the company confirms to Variety.

While full details regarding the deal were not disclosed, TMZ has reported that the deal was for $50 million and covered half of Nelly’s recorded-music assets including some of his biggest hits including “Ride Wit Me,” “Dilemma” featuring Kelly Rowland, and “Hot in Herre.”

Nelly was represented by Steven Shapiro of Davis Shapiro Lewit & Grabel LLP.

Nelly confirmed the deal and issued a statement on the partnership.

“As artists, we put our heart and soul into each track and there comes a time when you consider preservation of that artistry. My music is my legacy which I want to last beyond me, continuing to make my existing fans happy while reaching new generations and new audiences. I am excited to partner with HarbourView to create opportunities for discovery of my music decades from now.”

Congrats to Nelly on securing the bag!