Some of the world’s richest families are leaning more heavily on public markets with less exposure to private equity, a Goldman Sachs survey found https://t.co/rUj8cjBXpm ...

NFL Valuation Drivers - NFL values are rising due to predictable revenue streams, attracting private equity and private deals [2] - National media revenue contributes $12 billion to the $22 billion NFL revenue pie [3] - Stability from hard salary cap and cost containment allows for accurate forecasting of IBIDA for NFL teams [3] - Visibility of sports is attractive to corporate America for reaching customers, driving up values [5] Peak Valuation Concerns - Sports economists have been discussing peak valuations for 20 years, but values continue to rise [5] - Cable subscribers are declining due to the rise of streamers, impacting regional media deals [6] New Growth Opportunities - Mixed-use real estate development deals are a growing revenue stream for franchises [6][7] - Franchises aim to build mixed-use real estate developments to generate year-round revenue [6] - Ownership of professional sports includes real estate play, building up real estate around the venue [9] - Multi-use facilities allow venues to be used for various events, generating revenue throughout the year [10]

Who wants to buy an NFL team? Here’s the playbook PE firms are using to snap up franchises https://t.co/rgwBaGNKNL ...

NFL Team Valuations - The average NFL team is now worth $765 billion, an increase of nearly 18% compared to last year [1] - The Dallas Cowboys are the most valuable NFL team, worth $125 billion, nearly $2 billion more than the next most valuable team [1] - Private equity investment in the NFL has set a floor on valuations and added liquidity [1] - LP stakes are now coming in at almost control valuations due to the presence of private equity [1] Team Transactions - The Eagles set a record with an $83 billion valuation for a small piece, which was then topped by the 49ers at $86 billion [1] - The Bears are awaiting approval to sell a small piece at $89 billion [1] - The New York Giants are on the verge of selling a 15% stake to Julia Ko at over $10 billion valuation [1] - Investors are willing to pay close to control valuations because of the liquidity provided by private equity [1]

NFL Team Valuations and Trends - The average NFL team is now worth $765 billion, an increase of nearly 18% compared to last year [1] - The Dallas Cowboys are the most valuable NFL team, worth $125 billion, almost $2 billion more than the next most valuable team [1] - Private equity investment in the NFL is increasing, setting a floor on valuations and adding liquidity [3][4] - Limited Partner (LP) stakes are now being valued close to control valuations due to the presence of private equity [4] - Teams like the Eagles and 49ers have seen record valuations for small pieces, at $83 billion and $86 billion respectively [5] - The New York Giants are considering selling a 15% stake at over $10 billion valuation [5] Financial Health and Revenue Streams - NFL teams are generally very profitable, unlike some NBA teams that are losing money [9][10][11] - Media rights are a significant driver of NFL team value, and the league's intellectual property is considered far from being fully exploited [8] - The LA Rams have a high debt percentage (28% of value) due to privately financing their new stadium, but they are generating significant sponsorship revenue, approaching $200 million [12] Market Outlook - The NFL's deal with ESPN involves giving the NFL 10% of the network to maintain the rights and facilitate the transition to streaming [9] - Investors are willing to invest hundreds of millions in NFL teams, anticipating future revenue growth and increased team value [7]

After a lull earlier this year, activity in mergers and acquisitions has picked up in India, led by multibillion dollar cross-border deals and the involvement of global private equity funds and local firms https://t.co/JDXyFf5emf ...

Investment Opportunity & Potential Risk - Private equity in 401(k) plans: potential risks and rewards [1]

Market & Economy - Tariffs lead to higher pricing, but the market has shown resilience [3] - The economy's performance dictates the impact of tariffs; a strong economy can withstand tariffs, while a struggling one requires lower rates or tariffs [4] - Current market valuations are considered expensive, making it difficult to find discounted assets [11] Distressed Debt & Lending - Opportunities in distressed debt are currently limited in the US, with more opportunities in Europe and Asia [5][6] - Lending rates in Europe and Asia can reach 12% to 15% for short-term capital [6] - Lending is often based on asset value rather than cash flow, catering to those who need short-term capital [7][8] - Lowering of rates by the Federal Reserve would lead to charging less, around 500 to 700 basis points over SOFR [9] - A significant rate decrease (1% or 2%) would indicate substantial economic problems [10] Private Equity & Alternative Investments - There are concerns regarding the democratization of private equity into 401k plans due to the illiquid nature of these investments and the liquidity needs of retail investors [14][16] - Small investors may face challenges with illiquid private equity investments, potentially needing to sell at a discount if they require capital [19]

Goldman Sachs is looking to capitalize on helping private equity clients saddled with bets they can’t exit https://t.co/zWYPeTuiHr ...

Market Trends & Dynamics - The availability of capital in private markets allows companies to invest for the long term and avoid being driven by quarterly earnings [2] - The future may see large manufacturing consumer companies remaining private [3] - There could be an index of private companies alongside the S&P 500 index [5] Investment Opportunities & Potential Risks - Private markets allow companies to obtain massive amounts of debt and equity to finance their business plans without accessing public markets [2] - Future defense companies are likely to remain private [3] - There is potential for a hundred industrial companies to remain private, offering investment opportunities [4] Regulatory Environment & Market Access - Some suggest democratizing private markets by encouraging companies to go public and reducing regulations around being public [1] - Increased transparency, market making, liquidity, and access in private markets are anticipated [5] - Current administration's steps are seen as potentially leading towards increased access to private markets [5]