With an initial capitalization of €58 million, TGT is designed to transcend national funding barriers and provide essential financial support to European producers. The fund is backed by MEDIA Invest, through the EIF, and also brings together private and public investors.
Why now? Addressing industry challenges
In the wake of disruptions caused by the COVID-19 crisis and the shifting dynamics of the peak TV era, the audiovisual industry is stabilizing. While market consolidation has taken place in certain countries, European production remains highly fragmented, facing an increasingly concentrated landscape of content buyers. This imbalance, coupled with the growing demand for new content, underscores the urgent need to strengthen the capital base of independent European production companies, preparing them for future market consolidations.
Who will benefit?
TGT Fund is designed to help independent production companies scale and strengthen their market presence while maintaining their independence. Currently, growth opportunities in the industry are primarily driven by integrated audiovisual groups, leaving few options for independent players. TGT aims to change this by acting as a capital growth fund, supporting companies that have already demonstrated their ability to deliver high-quality content. The fund will focus primarily on scripted content, ensuring that European producers can continue to create compelling stories with global appeal.
How it works
TGT Fund will selectively invest in production companies that have already proven their market viability and express a strong ambition for growth. Key selection criteria include demonstrated success, leadership, and a clear vision for scaling operations. A distinguishing feature of TGT is its role as a minority shareholder, recognizing the importance of allowing producers to retain control over their businesses. Unlike traditional equity funds, TGT offers hands-on strategic support, leveraging the expertise of its dedicated team, led by Alexandra Lebret and Antoine Bodet, to provide market insights and financial guidance. The goal is to actively contribute to the growth and long-term sustainability of the companies in which TGT invests.
Objectives: Building a stronger european production landscape
TGT’s long-term mission is to create a more structured and resilient independent production sector in Europe, capable of competing on a global scale. By providing financial support and strategic expertise, the fund aims to help production companies mature to the point where they can attract new partners and expand their reach. The ultimate objective is to boost European content exports, strengthening the region’s presence in international markets.
Fund structure and timeline
The fund has a 10-year lifespan, with a 5-year investment period followed by a 5-year exit strategy, ensuring a structured approach to growth and value creation.