China’s Bliss Media has partnered with CODI Capital Group to launch the “Bliss-CODI Film & TV Investment fund.” Initial capital is $150 million.

Bliss Media’s CEO Wei Han and CODI Capital Group’s Xiaodi Li will co-manage the fund, which will concentrate on international film and television equity investment.

The first round of funding will invest in several quality projects with international distribution.  Investment targets of the Fund will be provided exclusively by Bliss Media, and jointly evaluated and greenlit by the Fund’s management. Bliss will also handle the distribution of all the projects in China.

CODI is a leading financial services in China and has been in business for 20 years.

Shanghai and Los Angeles-based Bliss recently acquired a stake in Insiders, alongside Wild Bunch and Cine France. It previously launched the Yoozoo Bliss Film Fund (YZBFF), a $100 million equity fund designed to finance ten international productions and Chinese co-productions over five-years.

Among the film projects it is developing are: “S.M.A.R.T Chase: Fire and Earth,” and Michael Mann’s “Enzo Ferrari.” The company financed and executive produced Pablo Larrain’s “Jackie” starring Natalie Portman. It acquired the Chinese distribution rights to Mel Gibson’s “Hacksaw Ridge,” starring Andrew Garfield.