Arctos Sports Partners has already established itself as a major name in sports franchise investing, and now it has added another $2.1 billion to its flagship fund.
Launched in April 2020, the fund is “dedicated to providing growth capital and liquidity solutions to professional sports franchise owners in major North American leagues and European soccer.” With the latest investment round, the fund holds over $3 billion.
- In April, Arctos became the first private equity fund to buy into an NBA team when it took a 5% stake in the Golden State Warriors at a roughly $5.5 billion valuation. The league began allowing teams to take private equity investments in January.
- Last month, the fund bought into another NBA team, taking a 17% stake in the Sacramento Kings at a $1.8 billion valuation.
- Arctos has also invested in the Premier Lacrosse League and Fenway Sports Group, whose portfolio includes the Boston Red Sox and Liverpool.
Arctos said Thursday it works with teams to “unlock growth opportunities” through “data analytics, local real estate, fan engagement, sports betting and more.”
The fund has made 14 investments to date.