Global European Cinema Fund (GECF) is a CMVM-regulated investment fund managed by Quadrantis Capital, investing primarily in private equity with 96-month minimum holding period.
The fund is a CMVM-regulated venture capital fund that invests in high-potential film and TV productions, leveraging tax-rebate guarantees, senior-secured positions, and established distribution partners to deliver low-correlated returns and eligibility.
Capital at risk. Past performance isn't indicative of future returns. This is not investment advice.
The Global European Cinema Fund's (GECF) is a specialised, CMVM-regulated venture capital fund focused on financing high-potential film and television productions with strong commercial viability and global distribution potential. The fund prioritises structured, collateralised investments backed by European tax refund systems, senior debt protections, and partnerships with established producers and distributors. Investment Strategy • Diversifies across multiple entertainment projects, from feature films to premium television series • Prioritizes platform-ready formats for major global streamers such as Netflix, Amazon Prime, and SkyShowtime • Provides secured lending or co-investment structures with full oversight from development to delivery • Works with experienced international talent to reduce execution risk • Operates through European co-production networks, enabling access to rebates, grants, and distribution markets in the EU, US, and Latin America Risk Mitigation Framework • Maintains equity or secured debt positions in every financed project • Uses collateralized structures with legal title, LLC protections, or SPV-based security • Prioritizes senior debt recovery rights before profit participation • Leverages government-backed incentives offering 25–30% rebates for qualified Portuguese projects • Partners only with vetted production companies and experienced distributors Current Pipeline Projects • Aristides — Drama/Biopic (€10M) • A Mafra e o Bruxo — Thriller/Comedy (€3.5M) • The Last Romantic Revolutionary — Thriller/Adventure (€4.5M) • O Segredo de Lisboa — Thriller/Mystery (€6.9M) • Um Rio Chamado Tempo — Drama (€2M) • Carlos Paredes Station — Musical/Biopic (€2M) The fund also benefits from a strategic collaboration with VOLF Entertainment, one of Portugal’s leading production studios, ensuring robust production capabilities and reliable international distribution pathways for financed projects.
For broader context, see our full guide to Portugal Golden Visa investment funds.
Information as reported by fund manager. Terms may vary by investor class.
Redemption terms may vary by investor class. Verify details with the fund manager.
Always confirm regulatory details with the fund manager and legal counsel before investing.
122 team members
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Fund minimum: €500,000
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Fund target: 5-0% p.a.
Investment Risk Disclosure: These projections are for illustrative purposes only and do not guarantee future performance. Past performance is not indicative of future results. All investments carry risk, including potential loss of principal. Consult with a qualified financial advisor before making investment decisions.
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The fund finances projects that already have partial pre-sales, committed distributors, or government-backed rebates. This means revenue is partly secured before production is completed, reducing reliance on box-office results. The fund focuses on slate financing, which spreads risk across multiple films rather than a single hit-or-miss project.
Portugal offers one of Europe’s most competitive cash rebate systems, reimbursing up to 30% of eligible production expenses. This rebate functions as a risk buffer and is paid directly by the government after audit. It effectively reduces the fund’s exposure and increases the predictability of returns.
The fund invests primarily in production SPVs connected to each project, rather than owning studios or long-term infrastructure. This structure ensures each project remains legally and financially isolated, which protects investor capital if one project encounters delays or setbacks.
The fund commonly enters projects as a senior secured lender or structured co-investor. This gives it priority in cash flow repayment from rebates, pre-sales, and distribution contracts. Only after the fund recovers capital and returns do producers and junior equity partners receive distributions.
Most financed projects include a completion bond issued by a specialist insurer. This ensures the film is delivered even if production runs over budget. If delays affect cash flows, the bond provider steps in to cover overruns or complete the production.
The selection is driven by distribution traction and content demand trends, not geography. The fund prioritises markets where streaming platforms and distributors have a strong appetite for European content, typically the US, Europe, and parts of Latin America, but only as revenue markets, not investment destinations.
While the portfolio includes dramas, thrillers, mysteries, and biopics, the fund prioritises projects with strong international sales potential. Genres are selected based on distribution forecasts, casting viability, and adaptability to global streaming platforms, rather than artistic preference.
Capital is deployed over a multi-year investment period, usually the first 2–3 years. Projects are added gradually to the slate, allowing the manager to adjust to changing market conditions and streaming trends. This staggered approach helps avoid cash drag and maintains deal quality.
Film revenues are driven by consumption habits rather than interest rates or stock movements. Even in downturns, demand for affordable entertainment often rises. This makes media financing a useful diversification tool for investors who are heavily weighted in real estate or equities.
Investors typically receive periodic reports summarising portfolio status, rebate recovery, and distribution progress. Individual film performances may be summarised in aggregate to protect commercial confidentiality. These updates follow CMVM reporting standards and are issued by the fund administrator or manager.
Once the slate has generated its final revenues, the manager liquidates remaining rights and closes all project SPVs. Cash distributions are then made to investors according to the fund’s waterfall. After final accounting and CMVM formalities, the fund is dissolved and all units are retired.
Management Fee: 2.5%. Performance Fee: 20%. Subscription Fee: Not disclosed.