Stargate plans fund to take on film role

Stargate Capital is to launch a retail fund that will invest in early-stage film production companie...

Stargate Capital is to launch a retail fund that will invest in early-stage film production companies. The company was recently set up to launch a range of funds in the retail, private equity and banking spaces. It aims to fill what it describes as the "equity gap" created by the move of major private equity investment trusts away from early-stage firms. The vehicle will enjoy many of the tax benefits of a VCT. There may also be additional tax incentives because of the tax relief offered on investments into early-stage British films.