Three Point Capital, which is providing debt financing for the boxing movie “Tiger,” is expanding by hiring Eric Fischer to open offices in Ohio and Kentucky, Variety has learned exclusively.
Three Point expects to partially or fully finance between 10 and 15 productions per year, with budgets ranging from $1 million to $20 million, in these two jurisdictions.
“We are excited about having Eric join our team,” said Ali Jazayeri, exec VP at Three Point. “He brings a wealth of production experience as well as deep relationships throughout the Midwest. We believe local offices in Ohio and Kentucky will allow us to better serve the influx of productions taking advantage of the great scenery, strong crew base and competitive incentives in the region.”
Three Point currently has offices in New York, Los Angeles and Baton Rouge. The expansion is aimed at teaming up with producers and studios at earlier stages of development and pre-production than the company traditionally has in the past.
Fischer previously teamed with Three Point when it financed the feature film “Blue Mountain State: The Rise of Thadland,” which Lionsgate will release in 2016. He has been involved with Paul Walker’s “Vehicle 19”; “Night Train to Lisbon,” starring Jeremy Irons; and “7 Below,” starring Val Kilmer and Ving Rhames.
Fischer recently produced “Undrafted,” starring Chace Crawford and James Belushi in a story of a collegiate baseball star who was skipped over in the Major League Baseball draft. Prior to attending film school, Fischer played for seven years in the Chicago White Sox and Minnesota Twins’ organizations as a pitcher but did not reach the major leagues.
Six-year-old Three Point Capital is a specialty finance company serving small to middle-market companies in a variety of industries. Its Film & Television division has provided financing, brokerage or advisory services on over 150 projects, including “I Saw The Light,” “Maggie’s Plan,” “The Family Fang,” “Beasts Of No Nation” and the upcoming “Dirty Grandpa.”