In a blockbuster private equity play, 26North Partners LP announced Friday that it will lead a $700 million equity investment in NEP Group, the global giant behind some of the world’s most-watched live broadcasts — from the Super Bowl and the Olympics to the Oscars.
The deal, guided by Kirkland & Ellis LLP for 26North and Latham & Watkins LLP and Debevoise & Plimpton LLP for NEP, signals a powerful infusion of capital aimed at accelerating NEP’s reach and innovation across sports, entertainment, and media production.
Carlyle Stays in the Game
Existing backer Carlyle Group isn’t bowing out — the firm will retain its position as NEP’s largest shareholder, continuing its long-term partnership with the media technology powerhouse.
Founded by Josh Harris, the New York-based alternatives investment firm 26North Partners has built an empire spanning sports, entertainment, and finance. Harris, who also owns stakes in the Washington Commanders and Harris Blitzer Sports & Entertainment, brings a playbook of high-stakes strategy to the NEP investment.
