Grosvenor Park Hires Joseph C. Kaczorowski as Partner and David Alper as COO

Grosvenor Park Hires Joseph C. Kaczorowski as Partner and David Alper as COO

LOS ANGELES, June 5 /PRNewswire/ -- Grosvenor Park has named Joseph C. Kaczorowski Partner and David Alper Principal and Chief Operating Officer, it was announced today by Grosvenor Park Chairman Don Starr and Partner Dan Taylor. Kaczorowski most recently served as the President of House of Blues Entertainment, Inc. Alper most recently managed the single-picture film equity financing and production business at Relativity Media.

The two appointments are the next step in confirming Grosvenor Park's competitive position as a leading provider of one-stop film financing solutions. With its expanded management team, and backing from a leading New York-based alternative asset management firm, Grosvenor Park is spearheading the U.S. film industry march on non-institutional financing, having funded more than 40 single-picture deals for a total of $300 million since moving its headquarters to Los Angeles two years ago.

"Joe and David are superbly qualified to help move Grosvenor Park into its next phase of growth and success," said Starr. "Their sterling reputations and impressive wealth of experience give our deal team tremendous strategic firepower as we roll out our next competitive suite of financial offerings - both for third-party, fully-financed film deals and for multi-picture theatrical slate deals."

As President of HOB Entertainment, Inc., Kaczorowski oversaw the transformation of the House of Blues nightclub and music promotion business into one of the pre-eminent brands in the music industry. Prior to HOB, Kaczorowski was SVP and CFO of The Cannell Studios, a leading supplier of action dramas to the major networks, producing over 1500 hours of programming including The A-Team, Hunter, 21 Jumpstreet, Wiseguy and The Commish. Since 2001, Kaczorowski has served on the board of directors of Napster.

At Relativity Media, Alper oversaw the single-picture film equity financing and production business, under which the following pictures were produced: 3:10 to Yuma, The Bank Job, The Forbidden Kingdom and Brothers. Prior to Relativity, he served for five years as CEO and co-managing partner at Escape Artists, producers of The Pursuit of Happyness. Prior to Escape Artists, he served as co-head of business affairs at New Line Cinema, and was the top business executive at Lorimar Motion Pictures and Universal Pictures.

"I'm excited to join Don and Dan in growing Grosvenor Park into a leading 21st century financing source," said Kaczorowski. "At a time when producers are aggressively seeking new funding sources, and the market is offering extremely attractive risk-adjusted returns, Grosvenor Park wants to put money to work."

"I'm thrilled to join such a dynamic company," said Alper. "Grosvenor is building a film-financing system that is at once transparent, fast and terrifically efficient. I look forward to working to further establish Grosvenor Park as the premier source of full-service financing."

Kaczorowski and Alper join partner Daniel Taylor on the management committee of Grosvenor Park. Kaczorowski will be responsible for day-to-day management of the company; Alper will oversee single picture financing; and Taylor, who recently relocated to Los Angeles from Grosvenor Park's London office, is responsible for tax incentive and debt financing.

About Grosvenor Park:

Grosvenor Park, LP (http://www.grosvenorpark.com/) is a leader in offering a full complement of pre-sale, gap and tax financing products, both individually and as a 'one-stop' solution. It recently provided complete financing for the Ed Zwick film Defiance starring Daniel Craig, with Paramount Vantage releasing domestically in the fall, and the Jason Friedberg and Aaron Seltzer film Disaster Movie, with Lionsgate releasing domestically in August.

First Call Analyst:
FCMN Contact:

Source: Grosvenor Park, LP

CONTACT: Jonathan Bing, Freud Communications, +1-323-866-6060,
jonathan.bing@freud.com

Web site:

http://www.grosvenorpark.com/

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