Adam Krentzman, one of the most well-known Hollywood agents in international packaging and financing, is leaving CAA after 17 years to set up a new film financing entity which already has five producing deals in the bag. Although Krentzman wouldn't be drawn on the name or financial structure of the new company, he said that he and his partners had already secured equity financing, studio involvement and international output deals and were already looking at projects to finance. "Now that PolyGram, Helkon and Kinowelt and all the others have gone, I saw a window of opportunity to put movies together," said Krentzman yesterday.

Krentzman started at CAA in 1985 in the mailroom and worked his way up to build a large personal client roster and a talent for financing films alongside his fellow financing and packaging agents John Ptak and Emanuel Nunez. His clients included Michael Bay, Bille August, Jonathan Mostow, James Foley, writer Nicholas Pileggi, producer Jerry Bruckheimer and companies National Geographic, Radar Pictures, Anonymous Films, Crusader Entertainment, Deep River Productions, Platinum Dunes, Renaissance Films, Palomar Pictures and Studio Babelsberg.