14/04/2014 - Investment manager fund to focus on television, film, publishing and live entertainment

Patrick Bradley, former chief executive of Ingenious Ventures, has launched Station 12, a media and entertainment investment manager fund. “Station 12 will be Europe’s only investment manager to focus entirely on providing growth and expansion capital to the region’s fast-growing and disruptive media, entertainment and media technology companies,” the company said in a statement.

The London-based fund aims to raise £150 million, commencing its first fundraise this summer and the remit includes investing in companies ranging from television, film, publishing and live entertainment, through to marketing services, e-commerce, digital content, gaming, fashion and design. Station 12, named after an intelligence hub renowned for outstanding innovation and technology in the 1940s, has already identified a pipeline of potential investments, into which the average initial investment will be circa £10 million.

Bradley’s previous investment highlights include: Lionhead Studios (founded by video game designer Peter Molyneux and sold to Microsoft); Digital Rights Group (the UK’s largest independent TV rights distributor, sold to Modern Times Group); and Cream (the dance music festival operator sold to LiveNation).

Bradley said, “Unlike the European technology market, which has deep resources of expansion capital, our media and entertainment sectors remain under-served by capital and operational expertise required to support long term success. Station 12 intends to fill this gap and become the pre-eminent investor in the space.”

Station 12 is supported by Ingenious, leading independent investors in the UK’s creative industries.