Broad Green Pictures has hired Dave Saxena as Chief Investment Officer of Broad Green Investments, the studio’s new private equity and venture capital arm. He will lead the company’s investment efforts focused on media, technology and entertainment businesses that are complementary to the studio’s core creative and distribution operations. Since the beginning of the year, Broad Green Pictures has closed investments in David Garrett’s London-based international licensing and distribution company Mister Smith Entertainment, and Tugg Inc, a web-based platform that offers on-demand experiences at local theaters.
“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 Broad Green Pictures CEO Gabriel Hammond and chief creative officer Daniel Hammond. “Dave has been a trusted colleague for many years and we couldn’t be more excited to be launching our new investment platform alongside him.”
Saxena previously was managing director at Tudor, Pickering, Holt & Co. where he advised clients on transactions including the $5 billion sale of Cleco Corp to an investor group led by Macquarie Infrastructure and Real Assets, and the $1 billion sale of New Mexico Gas to TECO Energy Corp. He also worked at Berenson & Company and in the mergers and acquisitions group at UBS.