Bringing you live news and features since 2006 


Media Debt fund targets over 16% returns and Asian investors


Patrician Asset Management has launched the Citizen Entertainment Fund to focus on debt investments in media companies. CEF’s first investor is a major European public company.

The fund is a low volatility, non-correlated debt fund and is managed by Film industry veteran’s David Forbes and Brian Gilmore. CEF will focus on providing loans for print and advertising, production, completion, and the broader media space, designed to generate investor returns of 16% or more after fees.

David Forbes, the Senior Portfolio Manager, has 30 years’ experience managing funds for Fox, MGM/UA, Orion Pictures, and Columbia has generated revenue for the studios in excess of USD4 billion. The fund’s primary focus will be on Prints and Advertising but will also be able to take advantage of other opportunities in the media space on an opportunistic basis. According to Forbes, "changes in GAAP accounting and studio philosophy have created a platform for this fund unlike at any time in the past."

"The credit crisis has had a major impact on the media community," says Brian Gilmore, Patrician’s CEO, "current market conditions severely hamper the completion of many new projects. Media companies are monetizing assets at attractive investment yields. Our goal is to step in and take advantage of the large supply of excellent investments that commercial banks have failed to service."

Patrician’s current goal is to raise USD100 million for a pipeline of identified Hollywood projects.
The fund’s capacity is USD1bn.

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by