Private Equity Firms Launch $2 Billion Fund for College Sports

RedBird Capital and Weatherford Capital introduce Collegiate Athletic Solutions to support athletic departments amid financial shifts.

Collegiate Athletic Solutions aims to provide capital and operational expertise to athletic departments.
The fund targets partnerships with 5-10 universities, offering $50-$200 million each.
CAS focuses on generating new revenue rather than taking equity stakes in athletic departments.
The initiative comes as the NCAA faces potential $2.77 billion settlements in antitrust lawsuits.
CAS leaders highlight the growing financial divide in college sports due to media rights and NIL deals.