Jul 11, 2023 - Economy

Arctos Partners raising $4 billion for new non-sports strategy

Illustration of an open tin can with a hundred dollar bill on it

Illustration: Sarah Grillo/Axios

Private equity firm Arctos Partners is raising $4 billion for its first non-sports strategy, which instead will focus on flexible capital solutions for private equity firms, Axios has learned.

Why it matters: This reflects how one of private equity's fastest-growing segments is servicing private equity itself.

Details: Arctos announced the strategy this morning, called Arctos Keystone.

  • The leadership team includes John Stott (ex-McKinsey & Co., Landmark Partners), Michael Belsley (global head of liquidity solutions at Kirkland & Ellis), Charles Tingue (TDR Capital, Landmark) and Joe Corcoran (SRP, Blackstone).
  • It plans to provide "growth capital, financing and liquidity solutions" to firms, funds and portfolio companies.

The bottom line: Arctos was founded to wrap a private equity framework around pro sports, taking stakes in teams and leagues. Now it's expanding by going back to where some of its partners began their careers.

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