Finnish fund management company IPR.VC Management has finalised the initial closing of its largest audiovisual production fund to date (known as IPR.VC Fund III), and has also appointed exec Andrea Scarso as partner and investment director, who will be working from the London office.

IPR.VC was established in 2015. To date, it has raised €150 million from institutional investors, pension funds, family offices and the non-profit sector through three content funds, with over half of the capital already allocated against 35 audiovisual projects in Europe and the USA. Strategic long-term partnerships have been sealed with the likes of A24 and XYZ Films in the USA, and Gigglebug in Europe.

IPR.VC Fund III promises to be the most ambitious fund to date, with €60.5 million of the targeted €100 million secured and investments already under way.

Timo Argillander, IPR.VC co-founder and managing partner, commented: “Whilst industry models may change, we believe strongly in the enduring value of premium film and television content, in being a supportive partner for creatives and a trusted conduit to production for blue-chip investors. With our most ambitious fund to date, and one of the most experienced, respected and well-connected entertainment financiers in the business in Andrea joining the team, we could not be better placed to further evolve our investment strategy, and identify further projects and long-term, slate-led partnerships that deliver for all parties.”

“I am thrilled to have the incredible opportunity to join IPR.VC and be part of this exceptional team. In recent years, IPR.VC has become a major player in the industry, building successful relationships with big names, injecting much-needed capital into the market and fuelling the creation of many film and TV projects. I look forward to working with Timo and the rest of the team to help shape the company’s future strategy, forge new long-term partnerships and keep the growth story going,” Scarso added.