Attention Average Joe And Jane: Private Equity Is No Longer Just For The Ultra Rich Folks

Group 1: NFL Revenue and Market Position - The NFL generated $18 billion in revenue in 2022, making it the largest sports league globally [1][2] - Major League Baseball (MLB) follows with $11.3 billion in 2023 revenues, while the English Premier League ranks fourth with $6.5 billion in 2021/2022 revenues [1][2] Group 2: Private Equity in Sports - Private equity ownership is becoming a reality in the NFL, with potential policy changes allowing the sale of up to 10% of a team to select pre-approved firms [3][20] - The private equity industry has grown significantly, from $280 million in 2000 to $3.5 trillion in 2023 [4][20] Group 3: Blackstone Overview - Blackstone is the largest private equity firm with a market cap exceeding $170 billion and has deployed $34 billion in capital in Q2 2023, the highest in two years [5][6] - The firm manages $1.1 trillion in assets and expects continued growth, with analysts predicting 15% EPS growth in 2024 [6][10] Group 4: KKR Overview - KKR, with a market cap of nearly $110 billion, has seen its assets under management grow to over $550 million in 2023, averaging 18% growth per year since 2010 [12][13] - The company expects to raise over $300 billion in new capital through 2026, potentially increasing net income by 30% annually [16][18] Group 5: Investment Strategies and Market Influence - Both Blackstone and KKR are leveraging their market dominance to fuel growth, with Blackstone becoming the largest financial investor in AI infrastructure [9][20] - KKR's recent fundraising efforts have been impressive, raising $32 billion in Q2 2024 alone, benefiting from strong growth in various sectors [17][20]