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In a pre-Cannes Film Festival move, production-financing-sales company the Exchange and specialty finance company Forest Road are launching their $50 million fund, Roadrunner Capital.
The fund has already provided capital for the SXSW project “Shotgun,” helmed by Hannah Marks and Joey Power. Roadrunner will be co-managed by the Exchange and Forest Road executives, with offices in New York and Los Angeles.
Purpose - Venture - Fund - Capital - Production
The sole purpose of the joint venture fund is to lend capital to responsible production companies at below-market rates in a seamless manner. As a sales-distribution outfit, the Exchange will sell some of the fund’s projects, but not all.
Forest Road offers low-cost financing options for tax-related collateral among various industries and subsectors, and this partnership is aimed at accelerating its expansion into independent film and television financing.
“Even at its infancy, we’re already seeing...
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