Driving the Future of Live Entertainment
Pittsburgh-based NEP Group is the invisible force behind much of the world’s televised spectacle. Its clients — from global broadcasters to rightsholders and production companies — rely on its mobile production units, studios, lighting systems, audiovisual technology, and cloud-based software platforms to deliver immersive viewing experiences.
“NEP embodies the type of global market leader we invest in — one that thrives on innovation and earns loyalty through unmatched service and technical mastery,” said Mark Weinberg, head of private equity at 26North.
NEP’s CEO Martin Stewart echoed the sentiment, calling the partnership “a defining moment” for the company’s next chapter.
“Josh Harris and the 26North team bring unmatched expertise in scaling world-class sports and entertainment portfolios,” Stewart said. “We’re also proud to maintain the continued confidence of Carlyle.”
Refinancing for Growth
Alongside the equity deal, NEP has also completed a comprehensive debt refinancing, strengthening its capital structure, cutting debt, and paving the way for future expansion. Barclays and Goldman Sachs served as financial advisers on the refinancing.
The Kirkland & Ellis team steering 26North’s side includes partners Ryan Brissette, Jimin He, and Pete Martelli.
With fresh funding and a retooled balance sheet, NEP is poised to elevate live event storytelling to new heights — a move that could redefine how billions of viewers experience the world’s most unforgettable moments.
