TPG has unveiled TPG Sports, a new investment platform targeting opportunities across the global sports ecosystem, with professional golfer Rory McIlroy and his firm Symphony Ventures joining as Operating Partners.

The strategy, backed by a significant anchor commitment from Abu Dhabi-based investment manager Lunate, will provide strategic growth capital to businesses, leagues, and teams redefining the future of sports. Lunate manages over $110bn in assets.

“TPG Sports brings together the hallmarks of our investment style – our bespoke and long-term approach to partnerships, deep operating and business-building capabilities, and a multi-decade ecosystem of industry leaders,” said Todd Sisitsky, President of TPG.

McIlroy and business partner Sean O’Flaherty will contribute to investment sourcing and value creation. Their prior ventures include GolfPass with NBC Sports and the TMRW Golf League (TGL). They have previously partnered with TPG on investments including Troon Golf.

“The sports landscape is evolving in real time,” said McIlroy. “With TPG Sports, we have the capabilities, capital, and insights to invest behind and grow the businesses that are enabling this transformation.”

TPG Sports continues the firm’s legacy in media and entertainment investing, with a portfolio that has included Creative Artists Agency, DIRECTV, Spotify, Fandom, and Dream11.

Source: TPG