The Fund is an exempted company incorporated with in the Cayman Islands. The Fund is an open-ended investment company.

The Fund will provide finance to producers and distributors of films at both the Pre-production and Production stage of filmmaking and commercial release. This finance will be in various forms of loans or debt, on a short to medium term basis. Examples of which include:

Gap Financing

A film in the independent sector is typically financed from a variety of sources. This can be for either cash flow purposes or to mitigate risk for the producer. Gap financing provides the remaining element of a film’s production budget not already secured from other sources. The Fund plans to undertake Gap financing to what are believed to be to be the most commercially viable films. The Fund will not participate in a film unless certain key criteria are met.

Bridge Finance

Bridge financing is often required by a producer during the pre production stage. This finance is required for the 1-8 week period between the finance for the production budget being committed and it being fully documented and becoming available to the producer. It is used, for example, to secure the key talent, pay the relevant insurances and arrange the locations and sets for production to commence; the proceeds of the production budget are then partly used to repay the Bridge finance. The Directors of the Fund believe that significant returns can be made from this type of lending. The Fund will seek advice from the Film Adviser on each opportunity on matters such as risk profile and the strength of security that can be taken.

Discounting of tax credits and Pre Sales

Some of the production budget of a film, such as tax credits, may be dependent on completion of principal photography, whilst others, for example revenues from Pre-sales, may only be payable once the film has been delivered to a certain distributor. The Fund will provide short to medium term finance to a producer to enable production to be completed, taking security over the Pre-Sale Commitment or the tax credit. Many national and regional governments offer a form of tax credit which incentivises the making of a film in that country or region. Many of the Funds lending activities will be to UK, European, USA (certain states) and Canadian productions, all of whom have such incentives.

The Fund will aim to take security over all of the assets, or in the case of funding to distributors, the relevant income streams, of each film to further protect its investment.

---

View Film Productions

Contact Details

Aegis Capital Partners LLP
Canon House
27 London End
Beaconsfield
Buckinghamshire
HP9 2HN

Tel: +44 1494 670737
Fax: +44 1494 670740

---