Avenue Capital CEO and co-founder Marc Lasry discusses the role of private equity in the business of sports with Dani Burger on "Bloomberg The Close." Avenue Capital announced the final closing of a sports fund launched in 2023. It drew more than $1 billion in capital commitments. ...

Alex Sherman: Mark, thanks for joining us. Pleasure being here. You have started a sports fund in 2024 let's start here.Why sports. And what are you thinking about investing in now. Well, I guess sports, because I've always loved it.I actually think as an asset class, it's something you want to be invested in. And I think you're literally in the first second inning. I think you can make a fortune of money investing in sports.So that was the reason why I started it. You just don't have that much competition ...