Ariel Investments raises $250m for Women’s Sports acquisitions
February 6 – Chicago-based investment firm Ariel Investments has raised its first women’s sports fund, announcing $250 million in committed capital for its Project Level, fund which invest in women’s sports.
Ariel President and co-CEO Mellody Hobson said: “Reaching $250 million is a meaningful start, not a finish line. Our ambition remains clear: bringing scale, operational excellence and a discerning investment lens to elevate women’s sports while delivering compelling returns for our limited partners.”
The fund has made one if its first investments in the National Women’s Soccer League’s newest debutant,
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