Josh Harris Firm Leads $1 Billion Raise for Bruin Capital

Core Insights - 26North and TJC have invested $1 billion in Bruin Capital, a sports-focused investment firm founded by George Pyne [1][2] - Bruin Capital has raised over $2 billion since its inception, operating as a holding company that raises capital for individual platforms rather than having a dedicated fund [2] - The new investment will be used to target middle market sports businesses globally [3] Company Overview - Bruin Capital was founded in 2015 and is one of the first private equity firms to focus exclusively on the sports industry [4] - The firm has invested in over 50 companies and has launched various initiatives, including a sports agency and investments in technology related to sports [4] - George Pyne, the founder, has a background as a former COO of NASCAR and ex-president of IMG [4] Investment Context - The investment from 26North comes as the firm is fundraising for its debut private equity fund, which has exceeded its initial target of $4 billion, raising $4.3 billion [6] - Harris, a notable figure in private equity, co-founded Apollo Global Management and has significant stakes in sports franchises [5]