Avenue Sports Fund Closes on Over $1 Billion

Audio By Carbonatix

NEW YORK--(BUSINESS WIRE)--Sep 29, 2025--

Avenue Capital Group, a global asset management firm, announced the final closing of the Avenue Sports Fund 1 with over $1 billion of capital commitments.

Launched in November 2023, the Avenue Sports Fund focuses on investment opportunities providing debt and equity capital to a wide variety of sports teams, leagues and sports-adjacent businesses across established leagues, emerging leagues and women’s sports. The investments in the Fund draw on the leadership of Avenue Capital’s Chairman and CEO Marc Lasry, and his deep knowledge of sports and unique experience as the former Co-Owner of the NBA's Milwaukee Bucks. Mr. Lasry and the dedicated Avenue sports investment team have extensive relationships with athletes, teams, leagues, industry executives and advisors, and franchise owners.

The Sports Fund also benefits from the capabilities and experience of Avenue Capital Group’s more than 30-year history of making sophisticated investments in structured debt and equity, its international expertise, and its deep sourcing relationships.

Since its launch, the Avenue Sports Fund has made numerous investments across sports leagues and franchises in North America and Europe. The investments include The Bay Golf Club in TGL, the new golf league formed by Tiger Woods and Rory McIlroy; Trackhouse Entertainment Group, a motor sports business that owns a NASCAR Cup Series team and a MotoGP team; Cosm, an immersive technology, media and entertainment company; Ipswich Town Football Club, which competes in the English Championship League; Mercury/13, an ownership group focused on acquiring European women's football franchises; PGA Tour Enterprises, the for-profit commercial arm of the PGA Tour; the Baltimore Orioles, a Major League Baseball team; the New York Mavericks of the Professional Bull Riders Team Series league; CityPickle, the leading lifestyle brand providing pickleball in urban settings; the United StatesSailGPTeam; and the Men in Blazers Media Network.

Marc Lasry stated, “This is a dynamic time in sports and we are grateful for the strong support of our investors and partners in the Avenue Sports Fund. We have an incredible investment team and advisors, and we are honored that the Sports Fund is further distinguished by its extraordinary athlete team members. We are thrilled by the range of investments we have made to date, and we are excited to continue to provide capital solutions and make equity investments in a wide variety of sports teams and leagues, as well as in sports-related media and entertainment rights, real estate, and other adjacent businesses. We believe emerging leagues and women’s sports are areas of potential rapid growth, and the globalization of sports in various leagues will also create a wide range of opportunities to invest.”

About Avenue Capital Group
The Avenue Sports Fund is one of many funds of Avenue Capital Group, a global investment firm with over $10 billion in assets under management primarily focused on specialty lending, opportunistic credit and other special situation investments. Avenue, co-founded in 1995 by Marc Lasry and Sonia Gardner, draws on the skills and experience of over 60 investment professionals, and more than 175 employees worldwide operating from its headquarters in New York and offices in Dublin, London, Luxembourg, Hong Kong, New Delhi, Singapore, Sydney, Abu Dhabi and Silicon Valley.

1 The “Avenue Sports Fund” is collectively the Avenue Sports Opportunities Fund, L.P., Avenue Sports Opportunities Fund (Offshore), L.P., together with Avenue Sports Opportunities Master HoldCo Fund, L.P. and a single member co-investment fund. 

View source version on businesswire.com:https://www.businesswire.com/news/home/20250928580486/en/

Media Contact: Todd Fogarty, Kekst CNC,[email protected]

KEYWORD: NEW YORK UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES SPORTS OTHER SPORTS FINANCE ASSET MANAGEMENT BANKING

SOURCE: Avenue Capital Group

Copyright Business Wire 2025.

PUB: 09/29/2025 08:30 AM/DISC: 09/29/2025 08:28 AM

http://www.businesswire.com/news/home/20250928580486/en