New York-based fund of hedge funds firm Ginepri Capital Partners has entered into a multi-year deal with Handpicked Films to finance a slate of motion pictures.
The first group of 11 films, dubbed Ginepri Motion Picture Slate, is valued at approximately $110 million dollars with three more slates to follow. The film budgets will range from $5 million to $40 million, and the films will be produced by Handpicked Films executives Michel Shane and Anthony Romano.
"This is a great fit. Both parties are bringing their expertise to the table, and we are very complementary,” said Shane. “The difference between Ginepri and everyone else in this space is that this will be an actively managed program. We will all be very hands on."
Ginepri Capital is a New York-based fund of hedge funds with a leveraged capacity of approximately $4.6 billion.
Genna GarverBy Genna Garver, John Brunjes, and Cheri Hoff of Bracewell & Giuliani -- On Oct. 27 the Private Fund Investment Advisers Registration Act of 2009 (H.R. 3818) moved one step closer to becoming law with the 67-1 approval of the U.S. House of Representatives Committee on Financial Services (the "Bill"). More...
Investors this week announced the formation of NewWorld Capital Group, a private equity firm that will invest in middle-market companies and related infrastructure projects in the cleantech sphere. More...