Avenue Sports Fund completed an investment in New York Mavericks.

Avenue Sports Fund, a private equity growth-expansion fund, completed an investment in New York Mavericks, a basketball club. Financial terms were not disclosed. "The Avenue Sports Fund's investment in the New York Mavericks represents an extraordinary opportunity to establish a professional sports team in a fast-growing, established league and bring it to the nation's largest media market," Marc Lasry, Avenue Sports CEO and Co-Founder.