International Film
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For additional information, please contact:
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Richard Luftig | Managing Partner |
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rluftig@castleplacement.com |
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(212) 418-1181 |
Overview
International Film is raising $50 million for a senior-secured private credit strategy providing short-duration financing against contracted receivables within the film and media sector
- Asset-backed lending supported by defined repayment sources, including tax incentives, minimum guarantees, and pre-sales
- Focus on capital preservation through first-priority security and controlled cash flow structures
- Targeting consistent income generation through short-duration, self-liquidating transactions
- Positioned within the mid-market segment of film and media finance, where access to capital is limited
- 10% targeted preferred return
Opportunity
- Film and media production generates significant volumes of contracted and assignable receivables, including tax incentives, minimum guarantees, and pre-sales
- Traditional lenders have reduced participation in mid-market production and bridge financing, creating a structural funding gap
- Increasing institutional demand for asset-backed private credit strategies across alternative lending markets
- Expansion of streaming platforms and global content production continues to drive financing demand
- Government-backed incentive programs provide predictable and enforceable receivable streams across multiple jurisdictions
Traction
- Full institutional infrastructure, including administration, legal counsel, regulatory representation, and banking relationships
- Founder capital committed, with platform fully established and operational
- Pipeline of screened and indicative opportunities in place
- Origination network established across producers, distributors, and industry participants
- Strategy execution focused on senior-secured, receivable-backed lending transactions
Solution/Strategy
- Senior-secured lending against contracted receivables
- Conservative advance rates determined by collateral type and enforceability
- First-priority security with controlled collection and payment mechanisms
- Short-duration facilities designed to enable capital recycling and portfolio turnover
Management Team
Andrew Greenough — Founder & Director of Investment
- Responsible for origination, underwriting, and portfolio management
- Background in private capital and alternative assets with cross-border transaction experience
- Active in entertainment finance since 2007
- Established relationships across producers, distributors, and counterparties
- Leads investment selection and execution
Karl O’Reilly, FCCA — Independent Director
- Approximately 25 years of experience in alternative investment funds
- Fellow of the Association of Chartered Certified Accountants
- Former Vice President at Citco and Senior Manager at Maitland
- Audit background at KPMG specializing in funds and financial institutions
- Provides governance oversight
Specific Risks
- No realized or audited track record
- Cross-jurisdictional structuring and enforcement complexity
- Capital deployment dependent on underwriting discipline and pipeline conversion
- Portfolio concentration risk during initial deployment phase
- Legal and enforcement risks across multiple jurisdictions
- Reliance on enforceability of contractual receivables and security structures
- Private securities are speculative, illiquid, and carry a high degree of risk – including the loss of the entire investment
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