Advisors Asset Management (AAM) and iCapital have announced that The Avenue Sports Opportunities Fund, managed by Avenue Capital Group, is available on iCapital Marketplace.
“AAM is happy to collaborate with Avenue Capital Group and iCapital to expand distribution for the Avenue Sports Fund,” said Cliff Corso, president and CIO at AAM. “This initiative embodies our commitment to innovation within the alternatives space and strategic growth, designed to recognize the evolving needs of investors and capitalize on the emergence of sports as an investment opportunity.”
The Avenue Sports Fund seeks to produce attractive, risk-adjusted returns by providing capital solutions to a wide variety of sports teams, owners and leagues predominantly in North America and Europe. It also will provide growth capital to emerging sports with significant growth potential, as well as invest in equity and debt opportunities within women’s sports.