2 months ago
London-based media sector-focused lending level Allegro Finance has launched a $500 cardinal in installments installation dedicated to movie and tv production.
The backing statement is nan consequence of a strategical associated task and elder backing statement pinch entities advised by Elliott Advisors UK Limited.
Allegro was launched successful 2024 by movie and TV finance, system in installments and finance banking veterans Jamie Lowe, Peter Touche and Sam Collett.
The backing statement will beryllium deployed crossed a diversified world slate of movie and tv productions successful statement pinch Allegro’s ambition to go nan starring non-bank elder lender to nan world surface industries.
“This business represents nan motorboat of a purpose-built organization in installments level for nan world movie and tv industry,” said Allegro partner and Chief Capital Officer Jamie Lowe, who antecedently held roles astatine The Ingenious Group and Great Point Media.
“From inception, Allegro has been engineered to run otherwise from accepted media financiers and banks. By combining master assemblage underwriting expertise pinch long-duration organization capital, we are creating a scalable, non-bank indebtedness solution designed specifically for producers.”
First investments and partnerships are expected to beryllium announced successful nan coming weeks.
