EXCLUSIVE: Head Gear Films has announced a formal partnership with asset manager Allianz Global Investors (AllianzGI), strengthening the company’s international media financing foothold.
Together, the two companies will focus on expanding investments in film, television and game productions worldwide, building on Head Gear’s robust track record of more than 350 projects with more than $300 million in capital commitments over the past two decades of construction. AllianzGI, which has more than $600 billion in assets under management, has invested in Head Gear projects such as how to have sexscreened at this year’s Cannes Un Certain Regard, fishing friends 2, He went this way, book of love, and Mrs And death chamber.
“We’ve been fortunate to build a world-class team here at Head Gear and are now one of the oldest private lenders in the film industry, although we still have the same source of capital as we did 21 years ago,” said Head . Gear CEO Phil Hunt. “We are now starting the natural next chapter in our business development and entering into a partnership with a financial institution. We are excited to welcome AllianzGI to our expansion. Their global leadership and presence is not only impressive, but also ambitious for the continued growth of our company.”
Martin Opfermann, Lead Portfolio Manager at Allianz Global Investors, said: “We are delighted to have invested with Head Gear over the past few years and are extremely satisfied with the team’s professionalism and market access. The expansion of our co-investments should give our strategy even better access to short-term loans with an attractive risk-return.”
Source: Deadline
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