✓ verbatim from the press ≈ paraphrased
The film "Dark Horse" about former president Jair Bolsonaro's life cost R$ 75 million funded by US-based Havengate Development Fund LP, according to an expert report presented by Go Up Entertainment's defense. The document, signed by expert Anísio Costa Castelo Branco, states the fund transferred US$ 13,393,081.29 to the project under a February 24, 2025 contract, using funds of "private origin." ≈
Press quotes (2)
"Conforme apurado por esta perícia, o fundo Havengate Development Fund LP celebrou contrato em 24 de fevereiro de 2025 para investimento no filme Dark Horse. Até a data de elaboração deste laudo, o aporte realizado soma US$ 13.393.081,29"
"\"Conforme apurado por esta perícia, o fundo Havengate Development Fund LP celebrou contrato em 24 de fevereiro de 2025 para investimento no filme Dark Horse. Até a data de elaboração deste laudo, o aporte realizado soma US$ 13.393.081,29\", diz o laudo."
The expert report was commissioned by the defense of Karina Ferreira da Gama — owner of both the production company and Instituto Conhecer Brasil, an NGO investigated for suspected misappropriation of R$ 108 million in a public wifi contract with São Paulo City Hall. The report does not mention "investment contracts" or the approximately R$ 61 million that former banker Daniel Vorcaro transferred to the fund at Senator Flávio Bolsonaro's request, according to audio recordings released in May. ✓
Press quotes (1)
"Também não há menções, no laudo, sobre os "contratos de investimentos", tampouco sobre os cerca de R$ 61 milhões que foram pagos a Flávio Bolsonaro pelo ex-banqueiro Daniel Vorcaro."
The Havengate fund is administered by lawyer Paulo Calixto's office, identified in press reports as an ally of former deputy Eduardo Bolsonaro. Calixto presents himself as a migration specialist with over 20 years of experience, without declared experience in cinema or finance. São Paulo's Municipal General Comptroller opened a parallel investigation on May 28, when general corregedora Carolina Magnani Hiromoto requested police collaboration to investigate whether wifi contract resources financed the film. ✓
Press quotes (2)
"os US$ 13, 39 milhões foram aportados pelo fundo Havengate Development Fund LP, sediado nos Estados Unidos e ligado ao advogado Paulo Calixto, aliado do ex-deputado federal Eduardo Bolsonaro."
"Em 28 de maio, a corregedora-geral paulistana, Carolina Magnani Hiromoto, enviou um ofício ao delegado Luis Augusto Castilho Storni solicitando a colaboração policial"
The municipal investigation is under secrecy, as is the judicial process where the report was filed. Of the total declared budget of R$ 75 million, R$ 54.2 million would have been spent in the United States on stages like "development," "pre-production," and "post-production," while R$ 20.9 million financed filming and production in Brazil — amounts transferred mainly via Pix to a Banco do Brasil account. ✓
Press quotes (2)
"O processo na controladoria também está sob sigilo."
"No Brasil, os valores usados na obra cinematográfica foram recebidos por meio de uma conta no Banco do Brasil. A maior parte dos R$ 20,9 milhões – cerca de R$ 18,4 milhões – foi transferida via Pix."
Dark Horse film cost R$ 75 million according to defense expert report
Havengate Development Fund LP is administered by lawyer Paulo Calixto's office
Covered by only some sources, or where the accounts diverge.
Covered by only some sources (2)
Daniel Vorcaro transferred approximately R$ 61 million to the fund at Flávio Bolsonaro's request
Paulo Calixto presents himself as a migration specialist with over 20 years of experience
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Who were the original investors that capitalized the Havengate Development Fund LP?
Why it's still unknown: The expert report does not identify the US fund's financiers nor detail the mentioned 'investment contracts'
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What is the specific relationship between the R$ 61 million transferred by Daniel Vorcaro and the film's final budget?
Why it's still unknown: The expert report does not address Vorcaro's transfers, which represent more than 80% of the film's total declared cost
Did not cover: Oglobo JC -
What will the Municipal General Comptroller's investigation reveal about possible misappropriation of public resources?
Why it's still unknown: The municipal process is under judicial secrecy and has not yet produced conclusions
Did not cover: Oglobo