New York Hedge Fund Bets On Hollywood

Oct 22 2007 | 8:33pm ET

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.


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