Private Equity Says It’s Got the Data to Back a Push Into Sports
- PE firm Arctos Partners is launching a sports-franchise index
- Gauge shows steadier returns, beats S&P 500 in history
Shohei Ohtani warms up on deck during a game against the Arizona Diamondbacks in Phoenix, Arizona.
Photographer: Christian Petersen/Getty ImagesThe business of sports investing is getting its own index, with one of the firms behind private equity’s incursion into the industry looking to bring a more scientific approach to the burgeoning asset class.
Dallas, Texas-based Arctos Partners LP, which runs about $7 billion in funds with stakes in teams including the Los Angeles Dodgers and the Golden State Warriors, on Tuesday unveiled a new financial benchmark for North American sports franchises.