Significant Debt and Equity Investments Include Atlético de Madrid, the San Diego Padres, McLaren Racing and Inter Miami CF
Ares Management Corporation, a leading global alternative investment manager, announced today that it has raised $3.7bn of dedicated capital focused exclusively on investing in sports leagues, sports teams and sports-related franchises, as well as media and entertainment companies.
The Fund was oversubscribed relative to its initial target of $1.5bn.
To date, SME has committed capital to 19 portfolio companies, which represents approximately $1bn of opportunities across the sports, media and entertainment landscape, including debt and/or equity investments in Atlético de Madrid, the San Diego Padres, McLaren Racing and Inter Miami CF.
Read more: BusinessWire
