Magazine article Screen International

Perpetual Pacts with Prescience to Create Bridgeworks Capital

Magazine article Screen International

Perpetual Pacts with Prescience to Create Bridgeworks Capital

Article excerpt

Perpetual has merged its bridge lending operations with UK financier Prescience. Perpetual MD Alastair Burlingham will join Prescience to head its bridge and tactical funding operations via a new specialist lending arm, Bridgeworks Capital.

The new company closed its first two agreements last month with projects uwantme2killhim?, an Anonymous Content/Bad Hat Harry/Andrew Douglas Films co-production (sold by Independent), and The Numbers Station, starring John Cusack, which starts shooting in late November (sold by Content).

Prescience Managing Director, Tim Smith, said: "We have worked well with Perpetual and Alastair over the last couple of years in this area of financing on a co-funding basis. It makes a great deal of sense to consolidate bridge financing, tactical and bespoke lending to films in one new entity. …

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