Capital Film Productions, a film investment firm, has launched the Act-3 Film Fund, a ₦500 million fund, with a primary focus on supporting the vibrant creative forces driving the African film industry, starting with Nollywood.
Established by Adim Isiakpona, a former Google employee, and Hamza Kassim, a business opportunity manager at Shell, CFP possesses a clearly defined vision: democratising film investment and providing financial backing to promising filmmakers, enabling them to produce top-tier cinematic works that cast a global spotlight on Africa’s flourishing film industry.
Over the past three years, Capital Film Productions has been actively involved in nurturing filmmakers and contributing behind the scenes to the success of several explosive Nollywood films. CFP has financially invested in and supported blockbuster productions such as ‘Brotherhood’ and ‘Gangs of Lagos.’
During this period, CFP also extended its investment to facilitate the creation of upcoming projects, including ‘The Party,’ ‘Ada – Omo Daddy,’ ‘The Other Side of The Bridge,’ and four other films. The total commitment stands at approximately USD 800,000, with the expectation of substantial double-digit returns at the culmination of the fund’s cycle.
These achievements are made possible by a consortium of Nigerian investors amassed over time, underscoring the company’s investment approach and unwavering dedication to nurturing African storytelling talent.
“For us, Capital Film Productions represents a realisation of a dream. It began as a humble concept with ‘Our First Act,’ involving personal finances to support film endeavors, evolving into a ‘Second Act,’ where we managed Liquidity Provider’s funds. Through these experiences, we’ve witnessed firsthand how access to adequate funding and support can elevate the entire filmmaking process and, potentially, the industry as a whole.
Our ‘Third Act’ is well underway, with plans to raise approximately USD 550,000 exclusively for funding six films in 2024. Ultimately, our objective is to serve as the bridge connecting investors and storytellers, facilitating the creation of truly exceptional and profitable films,” commented Adim Isiakpona, Co-founder and CEO of Capital Film Productions.
Capital Film Productions’ mission revolves around gradually establishing a $50M fund within the next few years while strategically partnering with African filmmakers to finance film projects on the continent.
The company has adopted a judicious approach to building and overseeing the fund, employing a multi-year strategy for filmmaker selection and determining investment levels for specific projects.
