The Fund will focus on three clear segments – Music Scores for Film and Television, Comic Books, and Video games. Other sectors may be included at a later date. Investment funds will be used to subscribe for shares in companies operating predominantly in these segments of the industry. The aim is to focus on creating portfolios for investors which have asset backing and solid income streams, whilst also benefiting from favourable tax reliefs which are supported by the UK Government.
The following partner companies will likely be used to source deals within their relevant sector in the first instance:
Atlantic Screen Music Limited - responsible for creating, protecting, administering and monetising rights in musical compositions on behalf of musicians, songwriters and composers.
Skyrocket Games - a video games development company that is developing, marketing and distributing video games created from Film and Television IP.
AfterShock Comics LLC - a comic book company that combines the creative edge of an independent comic book publisher with the strengths and experience of a traditional powerhouse to produce original comic book content
The Fund Manager will likely look for an exit in years 4 to 5.
Music scores: For music content, this will entail the sale of the catalogue or the companies themselves to a major music publisher or to Atlantic Screen Group.
Comics: For the comics, the IPs will be sold to a major comic book company or to the likes of Netflix, Amazon or Facebook for future exploitation of the IP.
Video Games: The Games IP created will be sold to a major games company
Kin Capital Partners LLP Kin Capital acts as the regulated fund manager and Promoter. Kin provides government approved tax efficient solutions for financial advisers, specialising in Venture Capital Trusts (VCTs), Enterprise Investment Schemes (EISs), Seed Enterprise Investment Schemes (SEISs), Social Investment Tax Relief (SITR) and Business Property Relief (BPR / IHT) products. All of Kin offers seek to be competitively costed, but more importantly present a compelling alternative to other products in the market on the basis of prioritising investor interests.
For further information please visit www.kincapital.co.uk
Atlantic Screen Media Fund will specialise in financing and exploiting Media IP. The Executives and Advisors of Atlantic Screen Media, have been involved in successfully managing companies in all 3 of the areas of intended Investment.
The principle partner company Atlantic Screen Music (www.atlanticscreenmusic.com has the experience of having invested in and exploited 100+ movie scores, including “2 Guns”, “Lone Survivor”, “Escape Plan”, “Triple 9”, and “Lost City Of Z”.
Our comic book partner, Aftershock Comics (www. aftershockcomics.com), run by former executives of Marvel Comics has successfully launched 30+ comic book titles. It is the intention to develop up to 20 new comic book titles over a 3-year period.
Skyrocket (www.theskyrocket.co has developed and produced a number of video games, mainly based on film and television IP, including Codename Diablo, The Last Drop Golden Grenade and other games.
For further information please visit atlanticscreenmedia.com
Fee type | Fees charged to Investor (including VAT) | Fees charged to Investee Companies (including VAT) |
---|---|---|
Initial Fee | n/a | 2% |
Annual Management Fee | n/a | 2.40% per annum |
Performance Fee | 25%* | n/a |
Other Fee Information | n/a | n/a |
To align the interests of the Investment Consultant with Investors, the Performance Incentive Fee will only be applied to Investors that receive ( excluding tax relief) Returns greater than £1.05 per £1 subscribed into the Fund (the ‘’Investment Hurdle’’).
The Performance Incentive Fee payable to the Fund Manager and Investment Consultant (or a nominee of its choice) will be an amount (excluding VAT, if applicable) equal to 25°/o of such Investors’ Returns in excess of the Investment Hurdle. The Performance Incentive Fee will be debited from the proceeds of Exits and should not affect the level of tax reliefs.
Kuber investors receive a rebate of 1% from the manager.
Alternative Investment Fund
IRR of 10% (excluding tax relief)
Private Equity EIS
Media
2 to 5 investee companies
Custodian: Woodside Corporate Services Limited
Nominee: WCS Nominees Limited
An investor qualifies as an High Net Worth investor if they have
(a) An annual income to the value of £100,000 or more;
(b) Net assets to the value of £250,000 or more. Net assets for these purposes do not include:
(i) the property which is their primary residence or any loan secured on that residence;
(ii) any rights under a qualifying contract of insurance within the meaning of the Financial
Services and Markets Act 2000 (Regulated Activities) Order 2001; or
(iii) any benefits (in the form of pensions or otherwise) which are payable on the termination of their service or death or retirement and to which they are or (or their dependants are), or may be, entitled.
An investor qualifies as ar Self-Certified Sophisticated Investor if at least one of the following applies:
a) they are a member of a network or syndicate of business angels and have been so for at least the last six months prior to the date below
b) they have made more than one investment in an unlisted company in the two years prior to the date below
c) they are working, or have worked in the two years prior to the date below, in a professional capacity in the private equity sector, or in the provision of finance for small and medium sized enterprises
d) they are currently, or have been in the two years prior to the date, below a director of a company with an annual turnover of at least £1 million