Panda Media announced today that the newly created $25-million Panda Media Partners II prints and advertising (P&A) fund will be advised by Broidy Capital Management.
Earlier this month, Panda Media chose Los Angeles-based Broidy Capital to manage the $200-million Panda Fund which bankrolls P&A projects and production financing for studios Sony, Open Road, Samuel Goldwyn and MGM.
Panda says last week’s announcement on the selection of Broidy Capital pulled in a new round of investors and $25-million.
“Elliott Broidy inspired such confidence from Wall Street investors that we immediately opened Panda Media Partners II,” said J. David Williams, Managing Partner of Panda Media, and known for Star Partners and Millenium Fund.
Williams is a former managing director at Credit Lyonnais and is well-known for his work with MGM’s Star Partners and Fox’s Millenium Partners.
Williams, who formed FilmCrest in 1986, participated in such great films as Rain Man, A Fish Called Wanda, Glory, Edward Scissorhands, My Stepmother’s an Alien, Thelma and Louise, Defenseless, Lawnmowerman, Glengarry Glen Ross, Fern Gully, True Romance, Peter’s Friends, and Much Ado About Nothing.
Panda Media Partners II will fund P&A and acquire film properties in 2013.
Broidy Capital, headed and founded by Elliott Broidy in 1991, also manages Panda’s library assets in the Video On Demand (VOD) arena.
SOURCE: Panda Media
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