I have noticed that a lot of secondaries guys end up exiting to sports PE firms. On top of that also noticed that Arctos was founded by an ex-PCA banker. Can someone explain the similarities between secondaries and sports investing and why such a link exists. Do you think secondaries is a good option to pursue if one is interested in sports investing?
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The only way to exit a minority sports investment is via a secondary sale. You bet on a lil multiple expansion and then sell at a slight discount to last known transaction.
Sports "investing" is basically "trading". If you follow Damodaran you will know this reference.
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