Alternative Asset Manager Blue Owl Enters Sports Investing With the NBA's Phoenix Suns
The manager has made a minority investment in the basketball team, joining a growing number of NBA investors.
Another private investment firm has made its way into the growing stable of National Basketball Association teams' minority investors.
On Tuesday, Dyal HomeCourt Partners, a division of the $52.5 billion alternative asset manager Blue Owl, announced that it had made a minority investment in the Phoenix Suns.
The deal is the first of its kind ...