Ariel Investments raises $250m for Women’s Sports acquisitions

February 6 – Chicago-based investment firm Ariel Investments has raised its first women’s sports fund, announcing $250 million in committed capital for its Project Level, fund which invest in women’s sports.

Ariel President and co-CEO Mellody Hobson said: “Reaching $250 million is a meaningful start, not a finish line. Our ambition remains clear: bringing scale, operational excellence and a discerning investment lens to elevate women’s sports while delivering compelling returns for our...