Russ Riggins Joins Three Point Capital as VP of Tax Credit Advisory
LOS ANGELES--(BUSINESS WIRE)--May 14, 2019--
Entertainment debt finance firm Three Point Capital announced today that Russ Riggins has joined as Vice President and Head of the Advisory Group. Riggins is a veteran finance and operations professional in the film and television industry with expertise in tax credit legislation, banking, and entertainment finance.
“Three Point Capital has been around for a long time and they have a tremendous amount of experience in different jurisdictions in the U.S. and abroad,” said Riggins. “Dave (Gendron) and Ali (Jazayeri) have a strong reputation in the industry and are long-term thinkers with high integrity. I appreciate how thoughtful they are about their business and the clients that the firm takes on.”
Riggins has over 12 years of finance experience in the media and entertainment industry. Prior to Three Point Capital, he spent six years as EVP of Finance and Operations at Millennium Films and Nu Image, where he was responsible for all financing and structuring activities of the company and over 30 films including The Hitman’s Bodyguard, Olympus Has Fallen, and sequels in The Expendables series.
Prior to Millennium, Riggins worked with Summit Entertainment as well as Comerica Bank, where he was part of a lending team in the entertainment group, providing funding for the bank’s producing and corporate clients in the film and TV space.
Having personal experience as a writer, producer, and actor, Riggins has a “talent friendly approach to finance” and is “committed to figuring out how to get all the puzzle pieces to fit so we can get the deal off the ground.” Riggins explained, “I really enjoy what I do because our clients are so passionate about their projects, and often looking to build a meaningful body of work.” The University of Virginia’s McIntire School of Commerce alum added, “It is amazing when a storyteller is able to create something exceptional that hits people emotionally. I really appreciate being part of that process and as an Asian American I am especially interested in seeing underrepresented groups get the opportunity to have their voices heard and I’m motivated to help content creators achieve that.”
Riggins heads the Advisory Group, overseeing comprehensive administrative and operational production services for tax credit recipients including estimating credits, comparing jurisdictions, preparation of the application, receipt, and monetization of the final tax credit through the offices in California, New York, Louisiana, and Ohio.
The firm’s Lending Group, headed by Viviana Zarragoitia, provides loans on all types of collateral including domestic and international tax credits, minimum guarantees, and negative pickups. They differentiate themselves from other lenders through transparency, flexibility, speed, and reliability. They lend on numerous types of projects that do not require a completion bond to be in place.
Ami Frances leads Three Point Capital’s Post Services Group, providing post production accounting services on any project, in any shape or form. Their goal is to be engaged early in the process in order to ensure that the handoff of the books is seamless. They also handle paper delivery, participation statements, and manage research screenings.
The Brokerage Group at Three Point Capital is led by the firm’s founding partner, David Gendron. With over 25 years of investment experience, Gendron manages a deep network of tax credit buyers and sellers and has expertise in facilitating purchases in over 24 different jurisdictions.
Three Point Capital is a premier debt financier in the film and television industry. Founded in 2009, Three Point Capital has been involved in over 300 film and television productions. Originally focused solely on tax lending, the company has expanded its expertise to include brokerage, advisory, and post services. For more information, visit www.tpc.us
View source version on businesswire.com:https://www.businesswire.com/news/home/20190514005252/en/
CONTACT: Jonathan Fitzgarrald
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: ENTERTAINMENT TV AND RADIO FILM & MOTION PICTURES GENERAL ENTERTAINMENT PROFESSIONAL SERVICES FINANCE
SOURCE: Three Point Capital
Copyright Business Wire 2019.
PUB: 05/14/2019 01:00 PM/DISC: 05/14/2019 01:00 PM