TPG, a global alternative asset management firm, has announced the launch of TPG Sports, an investing business focused on partnering with companies, teams and sports leagues. TPG is launching the strategy in partnership with golfer Rory McIlroy, his business partner Sean O'Flaherty and their team at Symphony Ventures. McIlroy and O'Flaherty will serve as operating partners for the strategy, contributing to sourcing investments and value creation across the portfolio.
TPG Sports will pursue investment opportunities across the sports ecosystem. The strategy will bring a private equity approach to sports investing, providing business-building capabilities and strategic primary capital to help sports IP and operating businesses grow and scale. The strategy has secured an anchor commitment from an investment vehicle managed by Lunate, an Abu Dhabi–based independent alternative investment manager with more than $110 billion in assets under management.
McIlroy and O'Flahert
