SeventySix Capital的动态

Private equity (PE) is redefining professional sports. With strategic investments and innovative approaches, PE firms look to take part in the industry's growth — balancing passion with profit. While capital and management expertise may bring benefits, maintaining fan loyalty and team competitiveness remains crucial. Curious about how private equity is changing the game for teams and investors alike? Read more in our latest Blog: The Rise of Private Equity in Professional Sports written by William J. Reynolds, CFA #WealthManagement #PrivateEquity #Sports Read Here: https://lnkd.in/g5egpE8q

This is undoubtedly THE next big thing in sports institutional investment. ?? Private equity firms are reportedly preparing funds to invest exclusively in the National Football League (NFL), according to the Financial Times. The NFL is the only major US sports league which hasn't yet opened to institutional investors. For context, Major League Baseball (MLB) was the first top-tier US league to do so back in 2019. The National Basketball Association (NBA), National Hockey League (NHL), and Major League Soccer soon followed suit. These moves addressed a liquidity issue for minority owners in the North American sports market, which Arctos (Ian Charles and David O'Connor) saw before anyone else, first starting the fund with a secondary investment angle to offer liquidity solutions to minority owners in US sports franchises. They saw a pool of 200 franchises with 10 minority owners per franchise on average, hence 2,000 minority owners with an estimated €500 billion TAM (Total Addressable Market) which was similar to US and European buyout aggregate NAV (Net Asset Value) in 2007 held mostly by about 2,000 LPs (Limited Partners). They successfully bet on US leagues starting to open their capital to institutional investors, with several criteria differing across leagues as well summarized by Sportico: ?? Maximum equity a team can sell to funds: Usually 30% ?? Maximum equity a single fund can own in one: From 15% to 20% ?? Maximum number of teams a fund can own: From 3 in the National Women's Soccer League (NWSL) to an unlimited number in the MLB ?? Minimum investment: Defined either in % of total equity (e.g., 5%) or cash cap (e.g., $20 million) Arctos being the main spearhead of private equity investment in US sports franchises. Since 2019, there have been at least 20 private equity investments in major league sports teams, according to Kyle Walters from PitchBook - including Dyal Partners, which is part of Blue Owl Capital, Arctos or Sixth Street. More broadly, 62 major North American sports teams, valued at $180 billion, have “connections” to private equity (including PE firms investing in the teams or individual execs such Apollo's Josh Harris). As an example, here are a few deals which happened in the past few years: ?? National Basketball Association (NBA): Golden State Warriors, Philadelphia 76ers, Sacramento Kings, Utah Jazz ?? National Hockey League (NHL): Minnesota Wild, Tampa Bay Lightning, Pittsburgh Penguins ? Major League Soccer: Portland Timbers, Real Salt Lake ? Major League Baseball (MLB): Boston Red Sox, Chicago Cubs, Houston Astros, Los Angeles Dodgers, San Francisco Giants. Curious to see which will be the first team to open to private equity when the NFL agrees on this major regulatory change.

Sports investing isn't limited to deep-pocketed entities buying stakes in teams. Investing in sports extends to everything from equipment makers to weekend warriors using tech to track their progress to virtual and augmented reality during live events --and more. For Chief Investment Officer I wrote about the money pouring into sports. #investing #sports #sportsinvesting https://lnkd.in/g6qT7dkz

From the influx of sovereign wealth to the emergence of dedicated funds, Michael Long picks out eight trends shaping the sports investment space. #sportinvestment #investment #finance #trends #SportsBiz

Sports-related investments have consistently ranked among the top-performing asset classes over the past two decades. The evolving media landscape and passionate fan loyalty have created a compelling synergy that makes sports an especially attractive investment opportunity. ? From a financial standpoint, key factors like low leverage, improving profit margins, stable and predictable cash flows from contracted revenues, and appreciating asset values have firmly established sports as a viable and appealing investment avenue. ? Our?Sports Primer?delves into the fundamentals of sports as an asset class and explores why we believe the commercialization of sports is just getting started—and, more importantly, how individuals can capitalize on this growth. With team valuations soaring and innovative ownership models on the rise, now is the time to explore this dynamic opportunity. ? Stay tuned for more sports related insights and investment ideas from Pinnacle. https://lnkd.in/eM4FjEeh #Investing #SportsInvesting #PinnacleAssociates #BeyondTheGame

NEW FUND LAUNCH | 4X Over 5 Years | New Alpha Opportunity for Accredited Investors I’m thrilled to announce Sports Card Forever Capital Partners, a vintage sports card fund designed for those who understand the value of disciplined strategy, proven returns, and a vision to capitalize on untapped alternative alpha investment opportunity. Here’s why this opportunity stands apart: 17 Years of Consistent, Market-Beating Performance: ? 58.99%* Average Annual Returns. ? 89%* Investment Profitability. ? 0%* Drawdown. ? Average 43%* Gross ROI per Investment—no gimmicks, just results. High Alpha Potential: ? 4X in 5 Years (80% Average Annual) targeted returns. ? Backed by a proven proprietary acquisition and arbitrage model, targeting repeatable success. Blue-Chip Collectibles in a High-Growth Industry: ? The sports card market is projected to grow at an 18.5% CAGR, reaching $39.5 billion by 2031. ? Iconic assets like the 1952 Mickey Mantle and 2009 Mike Trout have seen 2,000%–25,900% appreciation in the past decade. Exclusivity Drives Value ? Hard cap of 30 accredited investors. ? Minimum investment: $250,000. ? Total fund size limited to $7M, ensuring premium asset acquisition and optimal returns. This fund is not for everyone, but if you want to participate in an ultra high growth alternative investmentwith, I invite you to take a closer look. Access the Investor Presentation: https://lnkd.in/gUqbniBq ?? Email me at [email protected] to schedule a conversation and learn how you can join one of the most exciting investment opportunities in the alternative space. Scott Schneider CIO | Sports Card Forever Capital Partners Email: [email protected] #InvestmentOpportunities #AlternativeInvestments #SportsCardMarket #PSAGradedCards #Investors *2020-2023 Gross Returns Disclaimer: THIS SUMMARY IS NOT A SOLICITATION OR OFFER TO BUY OR SELL ANY SECURITY OR INTEREST IN ANY FUND. This summary is for discussion purposes only.This does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction or to any person to which it is unlawful to make such offer or solicitation in such jurisdiction. An offer to invest in Sports Cards Forever Capital Partners LLC may be made through appropriate subscription documents available only from Sports Cards Forever Capital Partners LLC to accredited investors who qualify to invest under the terms of such documents. Inherent in any investment is the potential for loss, and investors in Sports Cards Forever Capital Partners LLC may lose part or all of their investment. Past performance is not a guarantee of future results.

The intersection of NIL and private equity is opening up new avenues for young athletes to not only monetize their personal brands but also to step into the world of strategic investing. As highlighted in this insightful article, there's more to NIL than just short-term gains—it's about building long-term wealth through smart equity deals. Evaluating the size, timeline, potential dilution, and alignment with personal values are critical when considering private equity offers. Private equity investments have the potential to enhance their diversified portfolio, which is critical, especially as they get older. With the right approach, the illiquidity premium and operational improvements (if they’re eyeing a long term presence) inherent in private equity can offer incremental returns, making it a valuable asset class for those athletes looking to build sustainable wealth. Of course, this would depend on whether they are driven by a tactical view or a long term focus. Adhering to a laddering strategy would enable them to build a decent private equity allocation that can be maintained over time. #familyoffice #wealthmanagement #sports #athletes #entertainers

#Alternativeinvestment fund focused on providing capital solutions to sports teams, owners and leagues is now available on iCapital Marketplace for #wealthmanagers and #advisors. “This initiative embodies our commitment to innovation within the alternatives space and strategic growth, designed to recognize the evolving needs of #investors and capitalize on the emergence of sports as an investment opportunity, said Cliff Corso. Furthermore Marc Lasry commented, “There are strong fundamentals across the sports landscape, and scarcity value and other qualities are expected to create favorable entry points for investments in this asset class moving forward.” Read the release here: https://lnkd.in/egXUDdkN

Did you know private equity funds can now buy NFL teams? In a testament to the popularity of all things sports, the National Football League recently approved the private equity industry to invest in teams, opening its lucrative franchises to the buyout industry for the first time. Furthermore, the sports market and investments in sports assets are evolving rapidly driven by media expansion, digital innovation, and fan engagement. On November 13th, come and join the next CFALA Alternative Investments Council's exclusive symposium - BEHIND THE PLAYBOOK featuring some of the leading private investment GPs: Dynasty Equity, Ares Management Corporation, Revitate (hyperlinks in the comments) with proven success in acquiring and managing sports-related assets including leagues, teams and related infrastructure.

This article by Chris Smith paints the picture as to why sports franchise owners are seeing value in private equity investments. On the other side of the table, I'm also seeing the value for LPs into such vehicles. The strong continual risk adjusted returns that such teams make, is very hard to beat over the long term and for those LPs in tech where their existing equities and venture investments are heavily in the tech sector, it's hard to find a better uncorrelated asset than sports. When the general or tech economy is down, people still watch their sports. This is an interesting investment space to watch an it's in it's early innings.