Core Insights - Avenue Capital has successfully closed a sports fund in 2023, attracting over $1 billion in capital commitments [1] Group 1: Company Overview - Avenue Capital is co-founded and led by Marc Lasry, who emphasizes the significance of private equity in the sports industry [1] Group 2: Industry Trends - The establishment of the sports fund indicates a growing interest and investment in the sports sector, highlighting the role of private equity in enhancing business opportunities within this field [1]

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 ...