Avenue Sports completed the investment in Unrivaled.

Avenue Sports, a multinational investment firm, completed the investment in Unrivaled, a professional women's 3-on-3 basketball league. Financial terms were not disclosed. "We are excited to back Unrivaled as the new league's thrilling 3-on-3 competition moves to launch in the next two months. We have a deep understanding of basketball globally and believe Unrivaled is well positioned to benefit from several drivers, including the growing popularity of women's basketball at multiple levels. We look forward to partnering with Unrivaled as it becomes an established player in women's sports," Marc Lasry, Avenue Capital Chairman, CEO and Co-Founder.