Kirkland Advises Arctos Sports Partners on Close of Fund I
Kirkland & Ellis advised Arctos Sports Partners (“Arctos”), a private investment platform dedicated to providing growth capital and liquidity solutions to professional sports franchise owners in major North American leagues and European soccer, on the close of its first flagship fund, which raised more than $2.1 billion. The fund complex, Arctos Sports Partners Fund I, along with co-investors and affiliated vehicles, now has more than $3.0 billion in assets under management from a large, diverse group of global institutional investors. Arctos, which launched in April 2020, has already closed 14 investments into the fund, including ownership stakes in Fenway Sports Group, the Golden State Warriors and Sacramento Kings.
The Kirkland team was led by investment funds partners Adam Parks and Sam Scarcello and associates Dan Neer and Wes Gangi, with involvement from investment funds partners John O’Neil, Jeff Kaplan, Michael Belsley, Alpa Patel and Daniel Lavon-Krein and associate Chris Pristouris, tax partners Don Rocap and Paul Patrow and employee benefits partner Elizabeth Dyer.