Asset Allocation
Blue Owl Acquires Stake in Cleveland Cavaliers
The minority equity investment in the basketball team is the asset manager’s sixth such agreement.
Tag: sports
Pensions
North Carolina Pension Decides Against NHL Investment, Still Sees Prospects in Sports
While the North Carolina Retirement Systems passed on the opportunity to invest in the Carolina Hurricanes, the system is exploring opportunities in the sector, according to State Treasurer Brad Briner.
Asset Allocation
Finding the Right Sports and Media Investment Opportunities
Not all investors may have access to the most coveted teams, but opportunities abound in the $2.5 trillion sports economy.
Market Moves
University of Utah to Fund Athletic Program via Private Equity
A partnership with Otro Capital is intended to offset the cost of sharing revenue with the school’s athletes.
Corporate Moves
Apollo Acquires Stake in Welsh Soccer Club Wrexham
Actors Ryan Reynolds and Rob McElhenney will sell a minority stake in the team—popularized by a television show—to the alts manager’s sports platform.
Alternatives
Apollo to Take Majority Stake in Atlético Madrid
The alts manager joins Ares Management and Quantum Pacific as shareholders of the soccer club.
Corporate Moves
Apollo Launches Sports Investing Platform
The firm’s Apollo Sports Capital business will make commitments in sports and live events.
Asset Allocation
Connecticut Governor Preps State Pension Investment in WNBA Team
Ned Lamont wants to keep the Connecticut Sun in the state, proposing the state’s retirement fund to take a stake in the team.
Manager Selection
Texas Permanent School Fund, Velocity Back $500M Collegiate Sports Initiative
Sports agency Elevate announced the Collegiate Investment Initiative, designed to provide capital for college sports-related investments in the wake of the House v. NCAA settlement.
Corporate Moves
TPG Launches Sports Investing Platform With Rory McIlroy
The professional golfer’s Symphony Ventures and the newly formed TPG Sports received an anchor commitment from Abu Dhabi’s Lunate.
Market Moves
Boston Celtics Sold to Consortium of Investors, Including Sixth Street
Symphony Technology Group CIO Bill Chisholm is the lead investor in the $6.1 billion deal for one of the NBA’s most recognizable and valuable franchises.
Asset Allocation
How Sports, Niche Investments Provide Diversification, Risk-Adjusted Returns
Asset allocators are increasingly interested in sports, and Cordillera’s Ashley Marks explains that such opportunities are attractive to the right portfolio.
Asset Allocation
Buffalo Bills, Miami Dolphins Finalize NFL’s 1st Private Equity Investments
Arctos Partners and Ares Management will take stakes in the Bills and the Dolphins, respectively, following a landmark August decision that permitted PE investments in the football league.
Institutional Investors’ New Power Play: Expanded Sports Opportunities
With a variety of ‘new revenue opportunities,’ the sports sector—teams, leagues, stadiums, broadcasting rights and more—is reaching new heights.