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Laxman Pai, Opalesque Asia: Private investment firm Arctos Capital Partners has raised $4.1bn for its latest flagship sports fund - Arctos Sports Partners Fund II.
The Fund II closed with over $4.1 billion in capital commitments from a diverse group of global investors, including some of the world's leading pension funds, retirement systems, endowments, insurance companies, family offices, and global wealth platforms, bringing Arctos' aggregate sports-related Assets Under Management to approximately $7 billion, said a media release from the private investment group.
The firm that provides bespoke growth and liquidity solutions, differentiated thought partnership, and value creation services to sports franchises (Arctos Sports) and alternative asset managers (Arctos Keystone) added that Fund II and its predecessor fund, Arctos Sports Partners Fund I, represent the world's largest aggregation of institutional capital dedicated exclusively to professional sports franchise investments.
Evercore Private Funds Group acted as the exclusive global placement agent for the Fund II raise and Kirkland & Ellis LLP provided legal counsel to Arctos.
"Arctos was purpose-built to bring more than just capital to our partner teams, leagues, and businesses," said Ian Charles, co-founder and co-managing partner of Arctos. "By using data science-backed insights paired with deep operational and domain expertise, we are proud to be a trusted partner for major sports franchises...................... To view our full article Click here
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