Date: September 29, 2025
Source: Business Wire
Avenue Capital Group has closed its Avenue Sports Fund with over $1 billion in commitments, led by Chairman and CEO Marc Lasry. Launched in November 2023, the fund invests in sports teams, leagues, and related businesses, with a focus on emerging leagues and women’s sports. It has already backed ventures including Tiger Woods and Rory McIlroy’s TGL, Trackhouse Entertainment, Ipswich Town FC, PGA Tour Enterprises, the Baltimore Orioles, and CityPickle. Lasry highlighted growth opportunities across global sports, media, entertainment rights, and adjacent businesses.