KKR to acquire Arctos Partners for $1.95bn.

KKR, a global investment firm, agreed to acquire Arctos Partners, a premier institutional investor in professional sports franchise stakes, for $1.95bn. "Arctos has created a distinctive and scaled platform across sports investing and capital solutions for asset managers, and the team has extensive experience in secondaries—three areas where we see significant long-term opportunity. The team has complementary strengths, strong cultural alignment, and an entrepreneurial approach that fits well with KKR. We look forward to working together to build a platform that expands opportunities across the entire KKR ecosystem," Joe Bae and Scott Nuttall, KKR Co-CEOs.