The Last Tycoon may be Peter's first solo album, but it has been several years in the making. Throughout the hectic years of songwriting, recording and touring with Peter Bjorn and John in support of their infectious breakout album Writer's Block, Peter's pen never rested. Out of that prolific pen emerged an intimate collection of songs that see their writer pondering the difficulties and resolutions of everyday life and the ever-present confusion of approaching late adulthood - according to Peter, 'the usual lyrical psychobabble, but with a direct and honest approach.'

Recorded and mixed over two years in tiny apartments and rehearsal studios in Sweden and the U.S., The Last Tycoon features a decidedly more acoustic, low-key side of Peter than fans of 2007's ubiquitous indie anthem 'Young Folks' are used to hearing. Built around the basic foundation of Peter and his guitar, the album has a distinctly homemade feel that feeds from the folk singer-songwriter tradition but still incorporates strings, synthesizers, vibraphones, percussion, a musical saw, and even a drum machine or two.