Insight

Arctos racks up over $4.1bn for sophomore sports fund

Fund II's limited partners include pension funds, retirement systems, endowments, insurance companies, family offices and global wealth platforms.

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  • As a result of this fundraising, Arctos now has about $7 billion sports-related assets under management
  • Fund II’s investors include Smith Entertainment Group and Harris Blitzer Sports Entertainment
  • Evercore Private Funds Group was the global placement agent

Arctos Partners closed its second sports fund at over $4.1 billion, beating its $2.5 billion target.

Fund II’s limited partners include pension funds, retirement systems, endowments, insurance companies, family offices and global wealth platforms.

As a result of this fundraising, Arctos now has about $7 billion sports-related assets under management.

“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 in a statement. “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 and limited partners seeking access to this robust and durable industry. We are all very grateful for the support of our investors and the leagues, owners and operators who have chosen to partner with us.”

Approximately 30 percent of Fund II 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 F.C.; and Aston Martin Aramco Formula One Team.

Evercore Private Funds Group was the global placement agent while Kirkland & Ellis LLP provided legal counsel to Arctos.

Headquartered in Dallas, Arctos was founded in 2019.