East Meets West To Form Global Private Equity Film Fund

Jan 16 2007 | 11:39am ET

Camera, lights, action! Hong Kong-based Aquitaine Investment Advisors has launched an Asian-themed entertainment and media fund dubbed the Magnet Media Asia Fund. The new vehicle will concentrate on sourcing film projects and media investment deals from entertainment markets such as Hollywood, Bollywood and China.

The Magnet Media Asia Fund, which was created in a partnership with Regent MB, is structured as two portfolios: a liquid film financing portfolio and a traditional, longer investment horizon private equity fund. Aquitaine Investment, a pan-Asian SFC-registered investment advisory firm, manages the private equity portfolio while Beverly Hills-based Regent MB, a film production and financing group, manages the film-financing portfolio.

The fund’s investment mandate relies on a combination of globally sourced film financing on Asian theatrical projects, and theme-based private equity opportunities in the Asian entertainment and media sector.

“Its unique structure ensures liquidity for the investors and diversification amongst asset classes – whether participating in the more liquid film financing portfolio or in the longer term private equity portfolio,” states Marlene Wittman, group managing director of Aquitaine Investment.

Some members of the fund’s investment committee include Chris Deering, recently retired as worldwide chairman of Sony Computer Entertainment; Toshio Furusawa, former head of Fox International Film Distributors (Japan); and Gordon Radley, former president of Lucasfilm.

The Magnet Media Asia Fund expects a soft closing in mid-March with commitments from U.S., European and Asian high-net worth and institutional investors of some $200 million.

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