London-based Allegro Finance has launched a $500 million credit facility dedicated to film and television production, established through a new strategic joint venture.

The new fund provides producers with a substantial new source of non-bank debt financing, allowing creators to secure funding while retaining full ownership and creative control of their projects—a key distinction from traditional equity-based investment models.

What We Know So Far

  • Allegro Finance has launched a US$500 million senior secured credit facility aimed at the global film and television production sector, as reported by Deadline.
  • The fund is the result of a strategic joint venture and senior funding line with entities advised by global investment manager Elliott Advisors UK Limited.
  • The capital will be deployed across a diversified international slate of film and television productions, supporting both single projects and multi-title slates.
  • The platform focuses on providing debt rather than equity, a model intended to help producers maintain control over their intellectual property.
  • According to British Cinematographer, Allegro was established in 2024 by finance veterans Jamie Lowe, Peter Touche, and Sam Collett.
  • The first investments and partnerships from the new fund are expected to be announced in the coming weeks.

What is Allegro Finance's new $500M fund for film and TV?

The new fund from Allegro Finance is a senior secured credit facility, a form of debt financing backed by collateral. This capital is provided through a strategic partnership with entities advised by Elliott Advisors UK Limited, a global investment manager. This structure positions Allegro as a source of long-duration institutional capital operating outside the traditional banking system, offering an alternative to conventional production loans.

"This partnership represents the launch of a purpose-built institutional credit platform for the global film and television industry," said Allegro partner and Chief Capital Officer Jamie Lowe. He added that Allegro was engineered to operate differently from traditional media financiers and banks, combining specialist sector underwriting expertise with long-duration institutional capital to create a scalable, non-bank debt solution specifically for producers.