Fast-growing Broad Green Pictures has hired veteran transactions executive Dave Saxena as chief investment officer of its new Broad Green Investments private equity and venture capital arm.
Year-old Broad Green, founded by brothers Gabriel and Daniel Hammond, has been active in building a slate of adult-themed dramas such as “99 Homes,” “A Walk in the Woods,” “Infiltrator” and “Learning to Drive,” as well as Terrence Malick’s “Knight of Cups,” “Voyage of Time” and his untitled project starring Ryan Gosling, Rooney Mara and Michael Fassbender.
Saxena will be responsible for investment efforts, focused on media, technology and entertainment businesses that are complementary to the studio’s operations.
Broad Green Pictures closed a pair of investments earlier this year in David Garrett’s Mister Smith Entertainment international licensing and distribution company and in do-it-yourself distribution platform Tugg Inc.
“The landscape on the creative and distribution fronts is evolving so rapidly, whether it’s storytelling in virtual reality or the way audiences discover and consume content, and our ability to invest early in tomorrow’s leading technologies will be an incredible advantage for the studio over the years,” said the Hammond brothers.
Saxena was managing director at Tudor, Pickering, Holt & Co., where he advised clients on several significant transactions including the $5 billion sale of Cleco Corp. and the $1 billion sale of New Mexico Gas to Teco Energy Corp. Previously, he held positions at Berenson and Co. and in the mergers and acquisitions group at UBS.