Prescience, Perpetual form P2 Bridge

P2 to aid independent film productions

Indie media company Prescience Film Finance and specialist film financier Perpetual Media Capital have joined forces to create P2 Bridge to provide short-term, risk-managed bridge finance to independent film productions, with budgets typically in the $5 million-$40 million range, requiring pre-production or production cash-flow facilities prior to closing of their permanent finance.

Prescience was established in 2005 by Tim Smith and Paul Brett, while Perpetual is headed by Ben Tustin and advised by Alastair Burlingham and Steve Robbins.

Meanwhile, Prescience has hired Anne Sheehan as development director, to focus on the company’s biz affairs, including the management of Aegis Film Fund, Juno Development Capital, Omni Films, as well as a number of other existing funds

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