Participant Media and imagenation abu dhabi have formed a five-year $250m revolving fund to finance a slate 15-18 of narrative features.

Participant will take the lead in developing and will oversee production and find worldwide distribution. Participant Media CEO Jim Berk said the company had been looking to secure a multi-year deal with an international partner to extend its global reach.

Edward Borgerding, CEO of Abu Dhabi Media Company and its wholly owned subsidiary imagenation abu dhabi called Participant Media 'one of the most respected and successful independent film companies doing business today.'

imagenation abu dhabi launched on September 3 with the aim of forging international alliances to support Middle East film-makers and Arabian film production. Mohamed Khalaf Al-Mazrouei is the chairman and Stefan Brunner is the CFO.