Kensani Entertainment, a subsidiary of Kensani Capital has announced details of the first institutionally backed film fund in South Africa.

The Kensani Film & Television Fund (KEF) will make available an initial sum of R200 million ($28.5m) for the production and acquisition of film and television projects to be made or part-made in South Africa, reflecting total aggregate production budgets of up to R 2/3 billion ($95m).

The fund has entered into an exclusive relationship with Vision Film and Television Consultants Limited, comprising leading film and television finance experts based in London and Los Angeles.

The fund will seek to invest in and produce a slate of film and TV projects according to a set of pre-agreed investment criteria. It will invest approximately 35% of the budget of eligible commercial projects, in return for a senior recoupment position, a premium and an ongoing revenue participation.