Calif. Hedge Fund Wants To Be In Pictures

Nov 18 2008 | 1:06pm ET

Newport Beach, Calif.-based Palatine Asset Management is going Hollywood with its latest hedge fund. The firm has launched Capitoline Global Media Fund, a media debt fund, for which it expects to raise $250 million.

The fund will offer collateralized loans to film studios and media companies, and will be secured by existing film rights, music rights and libraries, as well as other media assets. Investments may include bridge loans and medium-term loans for completion of ongoing film, music and other media businesses. All loans for in-progress productions will be covered by completion bonds to provide risk-mitigated and non-correlated returns in the fund.

“The credit crisis has had a major impact on the media community,” said Brian Gilmore, Palatine’s founder. “The current market conditions severely hamper the completion of new projects and are causing companies to monetize assets at very attractive pricing for investment. Our fund will help to re-establish the liquidity that other funds and investment banks have left behind.”


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...