FUNDRAISING NEWS | January 09, 2025
Through the RIA unit it launched in October 2024, alternative investments platform CAIS plans to launch a new private equity fund focused on sports, media, and entertainment investments.
In the private fund reporting section of a Form ADV filing, CAIS Advisors disclosed that it will serve as an advisor to CAIS Sports, Media and Entertainment Fund LP, a private equity fund with a minimum investment set at $250K. The RIA unit indicated at the time of the November filing that it had not yet made any sales of the fund.
In the filing, Todd Boehly, his Eldridge Industries and other entities under his control were listed as the sole indirect owners of CAIS Advisors. Eldrige was an early backer of parent CAIS, making a $50M Series B equity investment in 2020. Other backers now include Apollo Global Management, Motive Partners, and Franklin Templeton.
Boehly is no stranger to the SME space, as he owns stakes in London’s Chelsea Football Club, the Los Angeles Dodgers and the Los Angeles Lakers, and as part of a recent reorganization of his Eldridge businesses set up the branded business unit Eldridge Sports, Media, and Entertainment, led by Jeff Wilbur, within Eldridge Capital.
