GF Sports activities & Leisure owns and operates the Dallas Open, a tennis match lately upgraded to ATP 500 standing. (Photograph: Enterprise Wire)
The ATP 500 tennis match welcomes skilled gamers to Dallas Cowboys headquarters
CHICAGO, June 13, 2024–(LIFE-WATER)–Chicago the Atlantic Administration, LLC (“Chicago the Atlantic“) introduced that it was appearing as administrative agent within the financing of a senior secured credit score facility for GF Capital Sports activities Holdings, LLC (“GF Sports activities & Leisure”). GF Sports activities & Leisure is the proprietor and the operator of the Dallas Opentennis match that lately superior to ATP 500 standing and can host worldwide skilled tennis gamers on the Ford Middle at The Star in Frisco, headquarters and coaching facility of the Dallas Cowboys, beginning in February 2025.
“We see sports activities and different sports activities expertise as high-value rising markets which are usually not risky to broader financial traits. Traditionally, tournaments which have progressed from ATP 250 standing to ATP 500 standing have skilled fast monetary progress as they entice elite opponents and fill mainstream tournaments. Whenever you mix this success with the historical past of GF Sports activities & Leisure, we’re extraordinarily optimistic for the Dallas Open and proud to be a lending companion for this different rising asset class,” stated Tony Cappell, founding companion of Chicago Atlantic.
The rising attain of sports activities throughout social and streaming platforms has elevated the effectivity with which many sports activities could make extra cash. This development, mixed with the improved economics of sports activities administration, has elevated demand and the circulation of offers throughout the asset class, with sports activities particularly recognized as an space of sturdy alternative. 1
“Chicago Atlantic and GF Sports activities & Leisure share a mission to grab alternatives ignored by others and make investments our abilities, energies and assets in distinctive alternatives that ship superior outcomes . Now we have seen Chicago Atlantic construct really strategic partnerships within the decrease center market and are thrilled to have the ability to speed up their progress financing methods at the moment of buyer demand. unprecedented utilization,” stated Gary Fuhrman, Chairman of GF Sports activities & Leisure.
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1 S&P international market dataMarch 2024.
About Chicago Atlantic
Chicago Atlantic is one other personal market funding supervisor targeted on companies and corporations the place demand for capital exceeds conventional provide. Founding companions John Mazarakis, Tony Cappell and Andreas Bodmeier based Chicago Atlantic to supply capital options to state-licensed hashish operators. The agency’s personal funding methods have expanded to incorporate fairness lending, personal fairness, digital mining and impression investing, with a give attention to esoteric enterprise lending, specialised asset-based lending, liquidity options, and progress and expertise financing. Chicago Atlantic has accomplished over $2.1 billion in credit score amenities to this point. Chicago Atlantic’s 85-person workforce has workplaces in Miami, Florida and Chicago, Illinois. For extra data on Chicago Atlantic’s financing merchandise, go to chicagoatlantic.com
About GF Sports activities & Leisure
GF Sports activities & Leisure is a stay occasions and sports activities leisure firm based by New York-based personal fairness agency GF Capital. Along with the Dallas Open, the corporate owns and operates the ATP 250 Atlanta Open (lastly held in July 2024), the Nationwide Lacrosse League (NLL) workforce Ottawa Black Bears, and the World Lengthy Drive Tour . The corporate produces memorable occasions and enticing competitions, distinctive ideas and international content material, however above all, vibrant and enduring franchises. To search out out extra go to it GFsportsandentertainment.com.
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Associates
Alice M. Edgcomb
Managing Director, Public Relations
(419) 202 – 3988
aedgcomb@chicagoatlantic.com
2024-06-13 21:08:18
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