Christian Conti of Dynamo Capital was tight-lipped when speaking to the Daily Tiger about the two CineMart offerings he says took his eye this year. Representing the new Colombian film investment fund FCPCH1 (Fundo de Capital Privado de Cine Hispanoamericano No.1), launched on 2 January 2008, Conti's brief is to discuss investment opportunities within Spanish-language or Latin-oriented projects.
'Because we have professional investors, we have a very strict investment decision process,' he says. 'It takes a lot of time to decide whether to invest, and how much money to invest, but there are two projects that we will definitely look at more closely.'
Although Conti would not be drawn on the fund's value, he claimed that it is fully operational, with 33% of the capital raised so far. He further claimed that the lifting of limitations placed on investment potential outside Colombia has opened the door for fund investment within international film productions. 'Investors have been looking for attractive alternatives, and recent private equity legislation has allowed for the early movers to capitalise on the pension funds' previous lack of investment opportunities.'
Conti added that the fund is looking to invest in eight to twelve theatrical features over the next two years, and expressed a desire to 'take ownership of the financing structure' on smaller projects while taking a minority co-pro stake in larger projects. 'We are also looking for projects that we can fully finance ourselves,' he stressed. NC