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HAN Capital Raises $500 Million Fund for Chinese Film Production

  • Former Citigroup executive plans to compete with Hollywood
  • The fund seeks movie projects for China and global audiences

HAN Capital Management, a New York-based investment company, raised a $500 million entertainment fund to finance Chinese film and television projects to compete with Hollywood productions.

Founded by John Liu, a former Citigroup Inc. and SAC Capital Management executive, HAN Capital also has offices in Shanghai and contributed $200 million to the fund, according to a press release. The investment pool will provide financing to internal and outside projects, as well as co-production deals. Liu also is chief executive officer and lead partner at HAN Pictures & Media Corp., a sister firm.