Volition Capital Investments, a licensed asset management company, has created the Volition Entertainment, Media and Art (VEMA) Fund, which has set a unique precedent for financing.
Volition Entertainment, Media and Arts Fund II (VEMA Fund II) is a private equity fund for African creative projects.
It is a trailblazing model for private equity in Africa, the first-ever private equity fund to utilize investment clubs.
The fund comprises Africans who pooled their resources to invest with participation by Vizient Coop (Volition Cap’s investment club),
This weaved collaboration into the very fabric of finance and signaled a new dawn for the African continent’s cinematic landscape.
Volition Cap recently financed a movie “The Black Book.
The movie holds the record for the highest budget ever seen in Nigerian cinema.
It caught the attention of the global streaming giant, Netflix, leading to its acquisition.
Speaking of this crowning achievement, in a post, up on his LinkedIn, Kola Oyeneyin, a Registered Fund Manager who is also Cofounder and Director, of VolitionCapital Investments limited said;
“Financing “The Black Book” movie is more than just funding a film – it stands as a testament to the power of Volition Cap’s belief in the sector.”
Volition Cap is a game-changing and SEC licensed asset manager for Africans and Diasporans.
Founded in 2018, they have been at the forefront of investments for individuals and businesses.
The company, on its blog said;
“We created a $30 million fund for agriculture and real estate projects in Africa, pioneering the first structure to leverage traditional cooperatives. This led to 3,000 members achieving a financial independence rate of up to 75% within three years.”
Volition Cap also disbursed $250,000 to African filmmakers through its landmark entertainment and media fund.
Speaking of their next project, ,the Opportunik Global Fund ,CEO said
“Now we want to double down and create a bigger fund (VEMA II and a pan-African Fund, AFEMA), to power many more over the next 10yrs & beyond.
Members of the creative sector listed to work with includes
Afolayan (Nigeria),
Kemi Adetiba (Nigeria),
David Tosh Gitonga (Kenya),
Ramaphakela Siblings (South Africa)
Philippe Lacote (Cote D’Ivoire)
, Blitz Bazawule (Ghana)
and the original producer & director, Editi Effiong.
“For me,” Kola continued, “Nigeria & Africa have stories for the world to hear and see, my role is to bring capital to the table; of course make money for our investors along the way.”
Volition Cap’s investment in African cinema is helping to create a more sustainable and equitable film industry on the continent.
By providing filmmakers with the resources they need, Volition Cap is creating jobs and opportunities for African creatives.
It is also helping to take African stories to the world, showcasing the rich diversity of our culture.
