Private equity firm Arktos has closed its second sports team investment fund, attracting more than $4.1 billion in commitments.
Confirmed:
- The second fund attracts a wide range of investors including pension funds, family offices and global wealth platforms
- Arctos says both funds are “the world’s largest collection of institutional capital” focused solely on investing in sports teams.
- Arctos manages approximately USD 7 billion worth of sports assets
context:
About 30 percent of the money in the second fund has already gone to Harris Blitzer Sports Entertainment (HBSE), which owns the National Basketball Association’s (NBA) Philadelphia 76ers and the National Hockey League’s (NHL) New Jersey Devils. The funds are being used for several investments, including:
Arctos is also an investor in Smith Entertainment Group, which owns French soccer giants Paris Saint-Germain, the Aston Martin F1 team, and the NBA’s Utah Jazz. The company is the only company approved to invest in multiple teams in all major U.S. sports leagues that allow private equity investments.
comment:
“Arktos was built with the purpose of bringing more than capital to partner teams, leagues and businesses,” said Ian Charles, co-founder and co-managing partner of Arktos.
“By combining data science-backed insights with deep operational and domain expertise, we are a trusted partner for leading sports franchises and limited partners seeking access to this robust and durable industry. We are all extremely grateful for the support of the investors, leagues, owners and operators who choose to partner with us.”
Doc O’Connor, co-founder and co-managing partner of Arctos, added: “In just over three years, we have seen a significant increase in demand for sports as an asset class.”
“Arctos is uniquely positioned as a growth partner to innovate, develop opportunities and transform the markets we participate in. The success of Fund II positions us at the forefront of the professional sports ownership market. I am in a position of
Next up:
Charles told Sportico that the company will continue to focus on the North American market as it identifies future investment opportunities.
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