Administration June 4, 2003
CalPERS Backs Sports Fund
April 30, 2001 (PLANSPONSOR.com) - The California
Public Employees'Retirement System (CalPERS) has invested
$122 million in Sports Capital Partners, a private equity
fund targeting investments in sports, media, leisure,
lifestyle, and entertainment-related businesses.
Reported by editors@plansponsor.com
CalPERS takes over a stake previously held by JP Morgan Chase Capital and is also committing additional capital, Sports Capital said Monday in a statement from London.
CalPERS’ investment brings the total capital committed to Sports Capital to $214 million.
The prominent sports marketing and management firm IMG founded Sports Capital in 1998. IMG’s management clients include golfer Tiger Woods and tennis players Venus and Serena Williams and Pete Sampras.
– John van Rosendaal editors@plansponsor.com