The New York City-based global private equity firm KKR (Kohlberg Kravis Roberts & Co.) is reportedly in talks to acquire a majority stake in Arctos Partners, an investment boutique, headquartered in Dallas, TX that has become a prominent investor in sports teams.

Arctos Partners holds minority stakes in Liverpool FC and Paris Saint-Germain overseas, as well as in U.S. franchises such as the Golden State Warriors, Los Angeles Dodgers and the Aston Martin Formula 1 team.

Founded in 2019 by David O’Connor and Ian Charles, Arctos also operates a financing division providing tailored debt and equity solutions for the private capital industry.

According to the Financial Times, KKR, which manages over $700 billion in assets, is exploring sports investments, including teams, leagues, media rights, and financing. The deal would be one of the firm’s largest, following its recent $7 billion acquisition of Global Atlantic Financial Group, a major U.S. insurer specializing in retirement, life and reinsurance.

Any acquisition would require league approvals linked to Arctos’ portfolio teams.

KKR and Arctos both declined to comment on the ongoing negotiations.

Image courtesy KKR