Horlick looks to crowdfund film finance

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A HIGH-profile fund manager has turned to Seedrs, a crowdfunding platform, to raise seed capital for a venture that will finance films made in Hollywood.

Nicola Horlick, who chairs Rockpool Investments, is asking investors for £150,000 in return for 10% of the equity of Glentham Capital

Glentham aims to raise $100 million (£650,000) from UK and overseas investors in the final quarter of 2013, which will in turn be used to finance films in Tinseltown.

Ms Horlick, who set up Bramdean Asset Management with Sir Derek Higgs in 2004 and sold it to Aberdeen Asset Management after his death in 2009, will chair the company.

Pandora Edmiston, who worked in the film industry before moving to Citibank, is its chief executive.

The money raised will be used to pay Edmiston’s first-year salary, the fund’s set-up costs and some travel costs.

The Seedrs’ campaign will allow UK residents to invest, as long as they pass a quiz showing they understand the risks of early investing.

[Source: Scott Wright @ Herald Scotland]

http://www.heraldscotland.com/business/company-news/horlick-looks-to-crowdfund-film-finance.21736430

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