Private equity underwriters (PEU) have become ubiquitous. Proof aqrises from several new boutique private equity firms. The latest arrival was announced at PEHub:
A group of retired baseball legends, which include Nolan Ryan, David Ortiz and Barry Larkin, have formed Dugout Ventures, a new private equity firm focused on backing baseball-specific companies.Dugout joins Inkwell Group, a brand new PEU focused on the proven power of racial and gender diversity. Who knew greed valued diversity and baseball?
Dugout Ventures is the first of its kind. Where players not only endorse, but also invest and build the brands and products they use. And do so in a business environment being led by some of the most influential players not only on the field, but also in their post-playing business careers.
In addition to the primary group made up of players, Dugout Ventures is also announcing its first $50MM LP fund, where accredited investors can invest alongside the players. The fund is taking advantage of the new 506(c) regulations to announce this investment opportunity publicly through their website and social media.
What's next as private equity expands ad infinitum?