Film investment pays golden dividends for private equity firm
A SMALL private equity firm is planning an Oscar party with a difference to welcome a “very special gold statue back to Belfast”.
It is not often you see the name of one of the North’s best-known angel investors as the credits roll at the end of an award-winning film. But Danny Moore, the founder of Belfast-based Lough Shore Investments, can now add executive producer of an Oscar winner to his growing list of achievements.
Mr Moore, who was previously chief operating officer of NYSE Technologies, usually invests in promising next-generation start-ups based in the North.
But when Belfast-born and raised Terry George approached him about part-financing The Shore, a film he wanted to make about a man who returns to Northern Ireland with his daughter after 25 years, Mr Moore felt it was “a big opportunity” he could not pass by.
“I was impressed by the quality of the people, the quality of the cast and the big vision Terry George had. I knew it was a little bit out there for us to back him but I felt there was a synergy between The Shore and Lough Shore Investments,” he said.
“For us The Shore afforded a very unique means through which we could showcase Northern Ireland abroad, both as a place to do business, film or otherwise, and as a rapidly expanding tourist destination.
“In start-up terms, Terry’s a serial entrepreneur with a history of success and we are delighted to be associated with his latest triumph,” Mr Moore added.
Terry George has meanwhile taken a moment out from celebrating his Oscar triumph to thank Lough Shore Investments for taking a risk on him.
“A crucial element in getting The Shore off the ground was the financial investment made by Lough Shore Investments,” he said.
“The company’s commitment allowed us to reach the budget we knew we needed to make The Shore a professional, world-class film that would showcase the beauty of Northern Ireland and the warmth of its people,” George added.