Tue, Jan 21, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Private equity firm LionRock launches into sports

Tuesday, January 07, 2020

amb
Tom Pitts
B. G., Opalesque Geneva:

Hong Kong-based LionRock Capital Partners is launching a consumer/sports private equity fund in partnership with Li-Ning Company Ltd, a Chinese company which makes athletic shoes and sporting goods. Opalesque talked to Tom Pitts, head of LionRock Europe and investment committee member, about this new sports fund.

Opalesque: how much have you raised for the fund?

Tom Pitts: The initial main fund should be soft-closed by the middle of Q2-2020. We've been raising capital for the last three months; to date, we have raised $300mn and hope to reach $1bn through both our GP and the co-investment vehicle. We could get very large given who's behind us if the investment warrants that. Li Ning was our initial investor with $61mn through his listed company. No question, with the sort of assets that we are looking at, those pools of capital that have a history with consumer brands are pushing hard on co-investment rights.

Opalesque: what is your investment philosophy?

T. P.: We like to have a counsel of wise men around us. We have built a very strong co-investment ethic where a number of our investors tend to be quite hands-on and are not afraid to roll their sleeves up and probe the investment thesis. Maybe it's our Catholic roots, but I think a certain......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Siguler Guff closes Small Buyout Opportunities Fund IV at $1.58bn[more]

    Laxman Pai, Opalesque Asia: Private investment firm Siguler Guff & Co. has raised $1.58bn for a fourth fund - Small Buyout Opportunities Fund IV - to invest with small buyout managers and directly in their portfolio companies. The New York-based multi-strategy private equity investment firm

  2. J.P. Morgan makes strategic investment in tech company for alternatives[more]

    Laxman Pai, Opalesque Asia: J.P. Morgan has taken an equity stake in Arcesium, an investment-management technology business that D.E. Shaw & Co. launched as an independent company in 2015. New York-based Arcesium LLC is an investment management technology and services firm, offering services i

  3. People: Hedge fund godfather Lord Fink to chair HSBC backed tech start-up Bud, Swiss investment boutique appoints CIO & CCO[more]

    Hedge fund godfather Lord Fink to chair HSBC backed tech start-up Bud From Standard: Hedge fund tycoon Lord Fink has been named chairman of bank software start-up Bud, which is backed by HSBC and Goldman Sachs. Fink, dubbed the "Godfather of hedge funds" for his role at Man Group, inves

  4. Legal: Hedge-fund Felon hid criminal past to woo crypto investors, U.S. charges, Partners Group sued over alleged breach of non-disclosure agreements[more]

    Hedge-fund Felon hid criminal past to woo crypto investors, U.S. charges From Bloomberg: A Toronto man who served time in prison after his hedge fund collapsed later concealed his identity and criminal past to defraud investors of $30 million through an initial coin offering of digital

  5. Regulatory: Woodford fund shows vulnerable side of shadow banking, regulator says, A new framework for Cayman's regulatory regime for investment funds[more]

    Woodford fund shows vulnerable side of shadow banking, regulator says From Reuters: The closure of the Woodford fund in Britain showed how the $184 trillion shadow-banking sector can be vulnerable even in normal market conditions, the Financial Stability Board (FSB) said in a report on