Scoop: Pair of private equity firms spin out of RedBird Capital Partners

• In sports, that means emphasizing adjacencies but no longer buying into actual clubs. In energy, RedBird hasn't done a new deal in years.

Sports: Alec Scheiner, who came to RedBird after time with the Cleveland Browns and Dallas Cowboys, has launched a Cleveland-based firm called Otro Capital.

• His co-founders include fellow RedBird vets Isaac Halyard, Niraj Shah and Brent Stehlik.

Energy: Hunter Carpenter has formed Arete Energy, a Dallas-based private equity firm launched with other ex-RedBirders Alex Goheen and Griffin White. The firm is partnered with commodities trading firm Mercuria Energy Group, which is providing initial capital.

The bottom line: Both transitions are said to be amenable. RedBird is helping to seed Otro Capital, kind of like a Tiger Cub situation, while Arete is leasing space in RedBird's Dallas office.