Private Capital Solutions for Entertainment Industry
Content Partners, a renowned media company, has launched a new division known as Content Partners Capital (CPC). This sector aims to provide private capital solutions specifically for businesses and intellectual property (IP) assets within the entertainment industry. This strategic move marks a significant expansion in their business model, reflecting their dedication to supporting entertainment content development.
Alphonse Lordo Leads the Division
The division is spearheaded by Alphonse Lordo, a seasoned banking executive with a wealth of experience in managing private credit opportunities. His role will focus on the origination and portfolio management of these opportunities, targeting businesses with an IP-heavy focus across film, TV, and music sectors. This nuanced approach considers the unique capital needs of each company, offering a range of credit structures.
Strategic Investment in Entertainment
Content Partners, widely recognized for its ownership of popular titles such as "13 Going on 30," "Black Hawk Down," and "Black Swan," already boasts an impressive library of over 500 films and approximately 3,000 hours of television content. The launch of CPC is described as a "natural evolution" in their business trajectory, leveraging decades of experience and establishing a strategic partnership within the industry.
A Unique Market Opportunity
According to Steve Kram, co-founder and CEO of Content Partners, the new division will facilitate capital investment and strategic partnerships to foster growth in the entertainment sector. "While we continue to experience significant growth with our transactional IP investment strategy, we’re excited to now step into the next chapter of film, TV, and music sector investment," Kram stated.
Alphonse Lordo's Vision for Capital Partners
Before joining CPC, Lordo was managing director at Truist Securities, specializing in the entertainment sector. He emphasized the significant growth potential at Content Partners, pointing out a "fundamental lack of capital" in the entertainment sectors and noting limited competition for private credit deals under $100 million. Lordo aims to bridge this gap by offering flexible credit structures through various arrangements such as 1st lien, 2nd lien, mezzanine, and structured financings.
This initiative underscores Content Partners' commitment to playing a pivotal role in entertainment financing, driving innovation and growth across the industry. With Lordo at the helm, CPC is set to become a leading player in providing financial support to the entertainment sector.
