In a major move set to reshape the global sports investment landscape, private equity firm The Cynosure Group and veteran sports executive Dave Checketts have announced the launch of a groundbreaking sports-focused private equity fund with a target of $1.2 billion in capital commitments.
The newly formed venture, titled Cynosure I Checketts Sports Capital, marks the official beginning of the Cynosure Sports Fund Partnership $1.2B initiative. The fund will focus on high-potential opportunities across the sports industry, including professional and collegiate teams, leagues, governing bodies, stadiums and arenas, sports technology, media rights, and broadcasting ventures.
“This partnership is a dream come true for me,” said Dave Checketts, whose illustrious career includes leadership roles with the Utah Jazz, New York Knicks, and Madison Square Garden. “Reuniting with the Eccles family and partnering with Cynosure allows us to compete at a global level and actively shape the future of sports.”
Founded in 2013 and backed by the prominent Eccles family of Salt Lake City, The Cynosure Group brings deep experience in private equity, wealth management, and institutional investment strategies. The firm’s managing director, Spencer P. Eccles, highlighted the long-standing relationship with Checketts:
“We’ve known Dave for nearly five decades, dating back to when our family’s bank helped keep the Jazz in Utah. His vision and integrity are unmatched, and we’re thrilled to align our resources to drive innovation and excellence in the sports sector.”
With offices in New York City and Salt Lake City, the Cynosure-Checketts joint venture has already begun deploying capital, with several strategic deals in the pipeline.
This new Cynosure Sports Fund Partnership $1.2B is expected to be a powerful force in shaping the next era of global sports investment.
