27th Investments, a leading US situated investment company have formally launched the 27th Sports, a sports-specific fund worth more than $100 million.
Anil Damani, an Indian-origin investment professional, is the CEO and President of the Atlanta-based investment company. 27th Investments have a billion-dollar active portfolio in numerous fields which includes real estate, gaming and start-up projects.
The 27th Sports office will be based in the United Arab Emirates and will work precisely on emerging markets and sports such as cricket, beach sports, e-sports, golf and many other sports. The venture will be led by a seasoned sports management professional. The fund has made its first investment, and a slew of announcements are on the way.
Confirming the news, Mr Anil Damani, commented, “Our strategy will be to own and invest into long term commercial rights of various sporting federations as well as invest into sports start-ups. We at 27th are really excited to be embarking on this new journey.”