Ingenious Media has raised £150m on London’s AIM market for its new fund Ingenious Media Active Capital (IMAC.) The fund will invest in unquoted media companies. O’Melveny & Myers structured and closed the fund.
IMAC is making investments in the media sector, which includes film, television, music, interactive entertainment, marketing services and business and consumer publishing. Investments are likely to be predominantly, but not exclusively, in the UK.
Ingenious Ventures Limited will manage IMAC’s activities. Ingenious Media is a specialist UK media financial services company whose activities include structured finance, private equity, consultancy, asset management, and corporate finance to companies and individuals connected with the media sector.
The firm’s former fund, Ingenious Ventures LP (Fund 1), which was formed in 2001, has committed £22.5m to five investments, the first of which was exited in March 2005 returning £25m, a 5x multiple on invested capital.