Arctos Sports Partners Doubles Assets, Adds Key Hires Amidst Sports Investment Boom
Arctos Sports Partners, a private equity firm focused on sports investments, has seen significant growth and new hires. The firm has nearly doubled its assets under management since summer, reaching $800 million. This follows a broader trend of increased interest in sports investments from established firms like Bain Capital and CVC Capital.
Arctos has bolstered its team with several key appointments. Alastair Seaman, formerly of Goldman Sachs, has joined to help evaluate investments. Forrest Richmond, previously with HarbourVest, has come on board as Senior Associate to handle transaction evaluation and execution. Larissa Wall, formerly from Fortress Investment Group, has joined as Controller. Additionally, Arctos has added six new employees to its investment and operations team.
The firm's assets under management have grown substantially. As of April 30, Arctos had $421 million, but this has since increased to $800 million. This growth reflects the broader trend in the investment world, with over $4 billion raised or planned to be raised this year by private equity firms focused on sports news.
Arctos Sports Partners' expansion, both in terms of assets and team, mirrors the growing interest in acquiring equity stakes in sports teams and media businesses. The firm is one of several new private equity investors targeting minority stakes in sports teams in North America and Europe.
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