Sixth Street, Co-Owner of NBA’s Spurs, Plans Debut Sports Fund

Sixth Street, the investment firm that owns a 20% stake in the San Antonio Spurs, is planning to raise its first fund dedicated to the sports ecosystem, according to people with knowledge of the matter.

The San Francisco-based firm has held preliminary talks with potential investors about the vehicle, which will seek to invest in sports teams and leagues, media rights and related businesses, said the people, who asked not to be identified discussing confidential information.