Two-year-old sales banner the Exchange has partnered with Grand Peaks Entertainment to create Exchange Peaks Film Capital, a full-service specialty film fund with plans to finance and produce four to six movies annually.
The fund was unveiled Wednesday, a week before the opening of the European Film Market at the Berlinale.
Exchange Peaks Film Capital will be run by Exchange prexy Laura Ivey, reporting to CEO Brian O’Shea. Grand Peaks was introduced to the Exchange by Nat McCormick, its VP of worldwide distribution. Grand Peaks is a large Denver-based property owner and developer.
The fund will participate in all forms of production financing, including minimum guarantees, gap, super gap, tax credits, foreign sales collateral, bridge and equity lending.
First project to benefit from the fund is the Exchange’s marriage drama “The Last 5 Years,” directed by Richard LaGravenese (“Beautiful Creatures”), with Anna Kendrick starring. “Years” was introduced to buyers at AFM in November.
“We are thrilled to partner with the Exchange on this fund and are excited to expand our relationship together in the future, as well as to help talented filmmakers bring their visions to life,” said Grand Peaks partner Alan Simpson.
“Exchange Peaks Film Capital is an integral component to building the Exchange,” O’Shea said. “From the start, we envisioned adding a financing side to the company and have found the ideal partner in Grand Peaks.”
The Exchange has handled sales on Universal’s “2 Guns,” starring Denzel Washington and Mark Wahlberg; Sundance award winner “The Spectacular Now,” starring Miles Teller and Shailene Woodley; Sony’s “Magic Magic,” starring Juno Temple, Emily Browning and Michael Cera; and Fox Searchlight’s “Sound of My Voice,” starring Brit Marling and directed by Zal Batmanglij.