A New Financing Fund

Hemisphere Capital Management have announced the launch of the Hemisphere Tentpole Co-Financing Fund, a revolving equity and debt fund with the mandate of co-financing studio films known as “tentpoles” for their box office potential and their sequel possibilities. The Fund intends to accumulate a portfolio of 12-16 investments over a four to five year period across the major studios and possibly some high profile indie companies.

The fund’s first four projects with Sony Pictures Entertainment and Paramount Pictures include SMURFS, the live action and animation fantasy film which opened last weekend to a strong $40 Million gross; THE ADVENTURES OF TIN TIN: THE SECRET OF THE UNICORN, directed by Steven Spielberg and produced by Peter Jackson; MEN IN BLACK 3, starring Will Smith, Tommy Lee Jones and Josh Brolin and directed by Barry Sonnenfeld; and WORLD WAR Z starring and produced by Brad Pitt and directed by Marc Forster, which is currently in production in Malta. The aggregate investment in the first four pictures will exceed $200 million.

Among Hemisphere’s investors and strategic partners are Toho-Towa Company and Kadokawa Shoten of Japan, Lotte Cinema of Korea and JP Morgan Chase’s Entertainment Group.  Hemisphere Capital Management partners Jean-Luc De Fanti, Jeff Sagansky and Eli Baker will manage the Tentpole Fund, in addition to the Mezzanine and Special Opportunities Funds (formerly operating under the Winchester Capital banner) that focused on particular opportunities in the media, film and television space.

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