Arctos, a private investment firm that provides bespoke growth and liquidity solutions, to sports franchises , has held the final close of Arctos Sports Partners Fund II (Fund II), with over $4.1bn in commitments including co-investment and affiliated vehicles.
The fund attracted support 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 $7bn.
According to a press statement, 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.
Approximately 30% of Fund II’s capital has been deployed across several investments, including Smith Entertainment Group, the holding company that owns the Utah Jazz; Harris Blitzer Sports Entertainment, the owner of New Jersey Devils and Philadelphia 76ers; Paris Saint-Germain FC; and Aston Martin Aramco Formula One Team. Arctos is currently the only institutional investor approved to invest in multiple teams by MLB, the NBA, the NHL, MLS, global motor sports organizations and European soccer federations.
