Elsa Keslassy International CorrespondentParis-based Logical Pictures, a four-year-old company that has financed more than 20 movies including “Revenge,” is launching 21 Content Ventures, an investment fund dedicated to internationally-driven films and series.Set to launch in January, the investment fund will be capped at €100 million ($121.6 million) and is structured as an evergreen fund — meaning it’s an open-ended fund with no termination date, allowing investors to exit 21 Content Ventures or change their investment in the fund.
The portfolio will be valued each year based on the revenues grossed by each title, and investors will receive an annual return of 4%-6% of the portfolio’s worth.
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