- July 12, 2021
- Posted by: Stratford Team
- Category: Business
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Dyal Capital is nearing a deal to make an investment in the Sacramento Kings National Basketball Association team, according to people familiar with the matter, as the firm works to assemble a portfolio of stakes across the league.
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The deal, which could be announced as soon as this week, would give the investment firm a nearly 5% stake in the team at a valuation of $1.5 billion, the people said. (Another person pegged the valuation at closer to $1.8 billion.)
Dyal, a unit of the newly public Blue Owl Capital Inc. is best known for taking minority stakes in private-equity and credit firms. It would do the Kings transaction from its Dyal HomeCourt Partners fund, formed to provide liquidity and growth capital to teams across the NBA.
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The deal would be its fund’s…