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MassMutual Partners on $100M Media Finance Platform
26 Feb
Summary
- A new platform aims to finance premium content across its lifecycle.
- BondIt Media Capital received a $100 million credit facility.
- The platform is a partnership between Media Capital Technologies and MassMutual.
Media Capital Technologies has officially launched MCT Credit Solutions, a new private credit investment platform. This venture, established in partnership with MassMutual, is designed to focus on asset-backed and cash flow-based financing for premium content across its entire lifecycle. The platform's initial major transaction involved providing BondIt Media Capital with a substantial $100 million credit facility, aimed at bolstering BondIt's operations and growth within the specialty finance sector.
Led by MCT Principal Raj Singh, the platform leverages extensive experience in media and entertainment finance. MCT Credit Solutions' strategy centers on identifying institutional-grade credit opportunities within the entertainment industry, requiring precise structuring and disciplined underwriting. "MCT Credit Solutions reflects our belief that entertainment finance has matured into an institutional-grade credit opportunity," stated MCT Principals Christopher Woodrow and Singh.
This new platform expands MCT's investment portfolio, building on its foundation as a media and entertainment investment company since 2019. MCT's prior involvement includes being Lionsgate's primary slate co-financing partner and launching ventures like The Horror Section with Eli Roth and the U.S. theatrical distribution company Row K Entertainment.
