GDH & Goldman Sachs Team on Toon Fund
Japanese animation firm GDH is setting up a $43 million content fund with the Japan office of Goldman Sachs, reports VARIETY. GDH will issue share warrants to Jupiter Investment, a local Goldman Sachs affiliate. Goldman Sachs will sequentially consider investing in a content fund to be run by GDH Capital, a GDH group company, and GDH.
The fund will give production financing for animated content in TV, direct-to-video, features and online games, targeted at international audiences.