NV Capital announces first credit fund for media & entertainment sector

NV Capital announced the launch of its maiden Media & Entertainment Credit Fund. Founded by industry professionals and ex-bankers Nitin Menon and Vivek Menon, NV Capital will be a credit fund focused on the media and entertainment sector with the objective of investing in content creators, OTT platforms, gaming and entertainment start-ups. The fund recently received a nod from Sebi as a Category II Alternative Investment Fund. NV Capital is looking to raise funds from domestic as well as offshore investors such as financial institutions, HNIs, family offices and banks. It plans to raise up to INR 500 crore. The sponsor of NV Capital is Jayantilal Gada, CMD of Pen Studios, with over 35 years of experience in the media and entertainment industry.