Eldridge Industries and Arctos are teaming up to “independently manage a fund that aims to invest in five major North American sports leagues” such as the NFL and the NBA, as well as TV and film companies, music catalogs and live event properties, according to Laura Benitez of BLOOMBERG NEWS. According to a statement, CAIS Advisors will launch the fund, which is “expected to require a minimum investment of as low as $25,000.” The terms will potentially “allow investors to redeem as much as 5% of the fund’s net asset value semi-annually, subject to board approval.” According to a filing, the fund, which will “charge investors a management fee of 0.95%, intends to make commitments to new and existing fund interests, secondaries and co-investments.” The initial portfolio will “offer exposure to more than 30 sports franchises.” Eldridge Industries co-founder, Chair & CEO Todd Boehly has “long had a foothold in the sports world,” owning stakes in the Dodgers and the Lakers and also leading a group that acquired Premier League club Chelsea from Roman Abramovich in 2022 (BLOOMBERG NEWS, 12/5).