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Fort Worth’s TPG, Golfer Rory McIlroy Take Big Swing Into Sports Investing » Dallas Innovates

File photo of pro golfer Rory McIlroy [Photo: Gary Yee / Shutterstock.com] Global alternative asset management firm TPG, which is based in Fort Worth and San Francisco, has partnered with career Grand Slam golfer Rory McIlroy to launch TPG Sports—a dedicated investing business focused on partnering with companies, teams, and leagues shaping the future of […]

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Global alternative asset management firm TPG, which is based in Fort Worth and San Francisco, has partnered with career Grand Slam golfer Rory McIlroy to launch TPG Sports—a dedicated investing business focused on partnering with companies, teams, and leagues shaping the future of sports.

TPG is launching the strategy in partnership with McIlroy, his business partner Sean O’Flaherty, and their team at Symphony Ventures. McIlroy recently won The Masters at Augusta, Georgia, becoming only the sixth male golfer to win a career Grand Slam by winning all four major golf tournaments.

“The continued global rise in sports viewership and fandom is creating new opportunities that demand creative, growth capital,” TPG President Todd Sisitsky said in a statement. “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 like Rory and his team—to invest behind and grow businesses that are redefining the future of sports. This is a unique moment in time for sports that calls for a differentiated approach to investing, and we’re grateful for Lunate’s continued partnership as we launch the strategy.”

McIlroy and O’Flaherty will serve as operating partners for the strategy, contributing to sourcing investments and value creation across the portfolio.

“The sports landscape is evolving in real time, and the ways we play, watch, and interact with sports are changing in exciting ways,” McIlroy said in a statement. “With TPG Sports, we have the capabilities, capital, and insights to invest behind and grow the businesses that are enabling this transformation.”

Bringing private equity to sports

TPG Sports will pursue investment opportunities across the sports ecosystem, the firm said.

The strategy will bring “a private equity approach” to sports investing, TPG said, providing business-building capabilities and strategic primary capital to help sports IP and operating businesses grow and scale.

The strategy has secured a “significant” anchor commitment from an investment vehicle managed by Lunate, an Abu Dhabi-based independent alternative investment manager with more than $110 billion in assets under management, the firm added.

“Our backing of TPG Sports demonstrates Lunate’s commitment to identifying differentiated investment opportunities with high return potential for our clients,” Lunate Managing Partner Khalifa Al Suwaidi said. “The sports industry is on the cusp of a revolution, catalyzed by new technologies, evolving fan behavior, and innovative engagement channels. Partnering with TPG enables us to capitalize on these trends by leveraging TPG’s expertise and strong track record of investing in the sports, media, and entertainment sectors.”

TPG called McIlroy and O’Flaherty “experienced business builders” within sports, having founded Golf Pass in conjunction with NBC Sports, as well as co-founding TGL (the TMRW Golf League).

TPG Sports aims to extend their focus on investing in areas where they can drive value and growth. Through Symphony Ventures, McIlroy and O’Flaherty have been active investors across the sports and broader wellness space for nearly a decade. They’ e partnered with TPG on a number of investments over the past six years, including Troon Golf, TPG said.

TPG is a leading private equity investor in media and entertainment, with investments that have included Creative Artists Agency, Entertainment Partners, DIRECTV, Dream11, Fandom, Musixmatch, Spotify, and Troon, among others.

The firm was founded in San Francisco in 1992 and has $246 billion of assets under management and investment and operational teams around the world. It invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions with a unique strategy driven by collaboration, innovation, and inclusion.


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R E A D   N E X T

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  • MAA has long made its presence known with marquee projects across the Panther City. Now it’s put down roots with a new office on West 7th Street, adding to its offices in Dallas, Austin, Cincinnati, and Charlotte.

  • “Some moments are priceless.” Fort Worth-based Bison Coolers …. reflecting on the company’s Google Super Bowl ad appearance, via LinkedIn. Despite the Cowboys missing out on Super Bowl LIX, a Fort Worth family business scored big during the championship game. Bison Coolers, founded by former Southwest Airlines employee Jeremy Denson in 2011, was featured in Google’s “50 States, 50 Stories” campaign highlighting how small businesses use AI technology and the tech giant’s Gemini for Workspace. The opportunity almost slipped away when Denson initially dismissed Google’s email as a routine update while at a trade show, according to the Dallas Business…

  • In the heart of Fort Worth’s eclectic Magnolia Village neighborhood, PS1200 is an eye-catching sight. The “public space with private moments” at 1200 6th Avenue comprises a public space, a park, eight row-house apartments overlooking the park, six offices within the park, and a restaurant and two retail spaces. The key attraction, though, is those eight apartments with their swooping Quonset hut-like arches:



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Anthropic wins ruling on AI training in copyright lawsuit but must face trial on pirated books

By MATT O’BRIEN In a test case for the artificial intelligence industry, a federal judge has ruled that AI company Anthropic didn’t break the law by training its chatbot Claude on millions of copyrighted books. But the company is still on the hook and must now go to trial over how it acquired those books […]

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By MATT O’BRIEN

In a test case for the artificial intelligence industry, a federal judge has ruled that AI company Anthropic didn’t break the law by training its chatbot Claude on millions of copyrighted books.



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Kroger plans to close 60 US stores in 18 months to improve profits – East Bay Times

By DEE-ANN DURBIN, Associated Press Kroger plans to close around 60 U.S. grocery stores over the next 18 months to improve efficiency. The Cincinnati, Ohio-based company announced the plan during a corporate earnings call last Friday. The company hasn’t said which stores it plans to shutter, but said the closures will happen around the country. […]

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By DEE-ANN DURBIN, Associated Press

Kroger plans to close around 60 U.S. grocery stores over the next 18 months to improve efficiency.

The Cincinnati, Ohio-based company announced the plan during a corporate earnings call last Friday. The company hasn’t said which stores it plans to shutter, but said the closures will happen around the country. It also said employees at impacted stores will be offered jobs at other locations.



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Lehigh Valley tech company Shift4 makes deal for Smartpay

Shift4 announced Sunday that it is acquiring a New Zealand credit card processing company. It is the Upper Saucon Township payments and commerce technology company’s first major transaction since Taylor Lauber became CEO this month. The deal, which was conducted in New Zealand dollars, is worth about $180 million. Smartpay sells tailored payment solutions in […]

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Shift4 announced Sunday that it is acquiring a New Zealand credit card processing company. It is the Upper Saucon Township payments and commerce technology company’s first major transaction since Taylor Lauber became CEO this month.

The deal, which was conducted in New Zealand dollars, is worth about $180 million. Smartpay sells tailored payment solutions in Australia and New Zealand with more than 40,000 merchants in the region. The acquisition is expected to close in the fourth quarter of 2025, subject to regulatory approvals.

“This acquisition follows the Shift4 playbook to a tee,” Lauber said. “It deepens our strategic presence in Australia and New Zealand, providing a significant opportunity to offer our full suite of software and payments solutions in the region.”

Lauber was named the next CEO after company founder Jared Isaacman was nominated to lead NASA. After the nomination was withdrawn, Isaacman became executive chair.

In trading Tuesday, Shift4 shares were up 4.6% to $97.89.

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Fitness Trackers Aren’t Accurate For People With Obesity | Health

State AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington D.C.West VirginiaWisconsinWyomingPuerto RicoUS Virgin IslandsArmed Forces AmericasArmed Forces PacificArmed Forces EuropeNorthern Mariana IslandsMarshall IslandsAmerican SamoaFederated States of MicronesiaGuamPalauAlberta, CanadaBritish Columbia, CanadaManitoba, CanadaNew Brunswick, CanadaNewfoundland, CanadaNova Scotia, CanadaNorthwest Territories, CanadaNunavut, CanadaOntario, CanadaPrince Edward Island, CanadaQuebec, CanadaSaskatchewan, CanadaYukon Territory, Canada Zip Code Country United States of […]

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Federal Judge In SF Rules That AI Company Anthropic Did Not Violate Copyright Law In Training Its Chatbot

In what is being seen as an important early judicial ruling for the AI industry, a federal judge in San Francisco has ruled that Anthropic did not break the law when it used copyrighted material to train its AI chatbot Claude. The company will have to go to trial, however, over its use of pirated […]

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In what is being seen as an important early judicial ruling for the AI industry, a federal judge in San Francisco has ruled that Anthropic did not break the law when it used copyrighted material to train its AI chatbot Claude. The company will have to go to trial, however, over its use of pirated copies of books.

US District Judge William Alsup issued a pretrial ruling late Monday that absolves San Francisco-based Anthropic, for now, over the issue of the use of books and copyrighted material to train its AI model. As the Associated Press reports, Alsup was convinced by Anthropic’s attorneys that reading the material into their large language models qualifies as “fair use” under copyright law, because the product produced, the chatbot, was “quintessentially transformative.”

“Like any reader aspiring to be a writer, Anthropic’s [AI large language models] trained upon works not to race ahead and replicate or supplant them — but to turn a hard corner and create something different,” Alsup wrote in his ruling.

But, Alsup said that a trial could proceed on the question of how Anthropic collected the books it first fed into Claude, namely from pirated copies found on the internet. Internal communications at the company allegedly reveal that employees knew this could spell trouble, and only later did they pay for digital copies of the books.

Alsup wrote that “Anthropic had no entitlement to use pirated copies for its central library.” And, the fact “That Anthropic later bought a copy of a book it earlier stole off the internet will not absolve it of liability for the theft but it may affect the extent of statutory damages.”

This decision may set some precedent in the ongoing battles over chatbots and the fast-and-loose way in which companies including Anthropic and OpenAI have scraped the internet, copyrights be damned, to train the robots how to write and respond to human prompts.

A case with a somewhat different angle is headed to trial in New York, in which the New York Times and other publishers are suing OpenAI for the way in which it fed mass amounts of articles into its ChatGPT and other models. In that case, which a judge in March ruled could head to trial, attorneys for the Times argue both that OpenAI scoured its archive without payment, and that its model reproduces Times reporting in ways that are not “transformative,” as the “fair use” doctrine requires.

The Harvard Law Review noted in April that the Times is arguing the exact opposite case than it did 24 ago in a case involving freelance writers, New York Times Co. v. Tasini. The Times is now arguing for the “creative, deeply human work of journalists,” when in the earlier case, it fought to protect its own financial interests against the copyright interests of freelancers. The Supreme Court, in an opinion written by Ruth Bader Ginsberg, ruled in favor of the freelancers, who said their copyrights had been violated when the Times and other publications fed their work into databases devoid of the context in which it was originally written, and without compensation.

Previously: Meta’s AI Efforts Include Huge Privacy Flub; Sam Altman Says Meta’s Been Trying to Poach OpenAI Staff

Top image: In this photo illustration, a person holds a smartphone displaying the logo of “Claude,” an AI language model by Anthropic, with the company’s logo visible in the background, illustrating the rapid development and adoption of generative AI technologies, on December 29, 2024 in Chongqing, China. Artificial Intelligence (AI) has become a cornerstone of China’s strategic ambitions, with the government aiming to establish the country as a global leader in AI by 2030. (Photo illustration by Cheng Xin/Getty Images)



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Hologenix CEO Seth Casden Interview

Infrared tech is moving beyond saunas and into daily life. Athletech News spoke with Hologenix CEO and co-founder Seth Casden about the rise of passive wellness and how body heat–powered infrared is reshaping recovery, sleep and everyday health Forget spa facemasks and infrared saunas. Infrared technology is moving beyond the spa and into the fabric […]

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Infrared tech is moving beyond saunas and into daily life. Athletech News spoke with Hologenix CEO and co-founder Seth Casden about the rise of passive wellness and how body heat–powered infrared is reshaping recovery, sleep and everyday health

Forget spa facemasks and infrared saunas. Infrared technology is moving beyond the spa and into the fabric of daily life—literally—into activewear, pajamas, sheets and even ski boots. It may not be a household concept yet, but one company is aiming to change that: Hologenix, a California-based materials science company behind Celliant, a proprietary blend of minerals that converts body heat into infrared energy.

To put it simply, that energy is reflected into the skin and muscles, where it helps increase local circulation and oxygenation at the cellular level, supporting performance, recovery and improved sleep. The technology is powered by a blend of natural bioceramic minerals, which can be embedded into fibers and fabric or applied as a topical coating, making it easy to integrate into everyday products, such as bedding, apparel and more.

And as consumer expectations around wellness continue to shift, infrared is stepping into a larger role, supporting a more passive and “always-on” approach to health. Seth Casden, co-founder and CEO of Hologenix, is positioning his company to lead that charge.

“In today’s world, we consumers don’t just want a brand name,” he says. “We are looking for accessible products that look good, feel good and have tangible benefits. That’s where infrared comes in. It’s the perfect balance—a technology that has been around long enough that it is science-backed and people are familiar with the recovery benefits from seeing it in saunas, but in a completely new format that makes it exciting.”

Seth Casden, co-founder and CEO of Hologenix | credit: Hologenix

Infrared Goes Mainstream

Casden believes the timing is right for the wider adoption of infrared. The technology has credibility, thanks to its long-standing use in therapeutic settings, but now it’s showing up in performance wear, recovery gear and even home textiles.

“It is essentially up-leveling everyday products,” Casden says. “Most people already understand that infrared can help with faster recovery, and now are discovering it can also improve athletic performance and support more restful sleep.”

This versatility is fueling a new frontier in reimagining health, described by Casden as “passive wellness.”

The Rise of Passive Wellness

“Passive wellness is the idea that you can incorporate things into your daily life that don’t require active effort, but still support your overall health and well-being,” he explains. “I think we can all agree that an intense 60-minute long workout or going to a weekly spa appointment are great ways to live a healthy lifestyle, but those require quite a lot of commitment—time, energy and money.”

credit: Celliant

For consumers short on time, Casden says integrating infrared products like bedding, pajamas, kinesiology tape or socks containing an ingredient like Celliant can be a simple way to embrace passive wellness.

“It’s often things people are already doing or buying, but with a little bit more intention and a lot more payoff thanks to infrared,” he says.

Science vs. Skepticism

If passive wellness is the concept, peer-reviewed science helps ground it. Celliant has ten peer-reviewed, published clinical trials, something Casden says separates legitimate wellness tech from gimmicks.

“Consumers are smart,” he says. “They’ve become extremely well-versed in finding quality solutions and sussing out bogus claims. Science is the key to success when it comes to validating wellness claims.”

Scientific validation has become increasingly important in a wellness market crowded with self-proclaimed biohacks. Still, even with studies to support it, infrared faces a visibility problem—literally.

“The idea that you have to ‘see it to believe it’ is one of our biggest hurdles as a company,” Casden points out. “The hardest step is convincing people to give the product a shot, but once they do, the results are nearly immediate and they have incredibly positive feedback.”

To address skepticism, Hologenix has leaned on real-world demonstrations, like a grip strength test to give consumers a tangible sense of a technology that’s largely invisible.

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“We’ll have people try out their grip using a hand-held dynamometer, squeezing as hard as possible to set their benchmark, and then retest after wearing a Celliant wristband just a few minutes later,” Casden says. “In most cases, their measured grip strength improves just by wearing the wristband.”

A Consumer Shift, A Brand Evolves

With growing interest in recovery, performance and sleep, Hologenix is expanding quickly and is launching its own direct-to-consumer offerings, beginning with the Infrared Dream Pillow Powered by Celliant, designed to enhance sleep through improved thermoregulation, circulation and cellular oxygenation. 

credit: Hologenix

The brand also appeals to eco-conscious consumers, as Celliant is known for its durability.

“Because the infrared-emitting minerals are embedded directly into the core of the fibers, they don’t wash out or fade throughout the useful life of the product,” Casden says. “The technology repurposes body heat, so the benefits don’t deteriorate over time—creating an exceptionally long lifespan.”

Next Stop: Healthcare

While Celliant is already used in some medical textiles and equipment, including bandages and wraps, Casden sees broader potential in clinical settings. He says the company continually evaluates new applications and is especially interested in expanding further into the healthcare sector.

“For example, people with diabetes are a population that might benefit from increased circulation,” he says. “There is definitely more work to be done around medical applications.”

A Vision for the Future

Ultimately, Casden sees infrared not as a performance enhancer, but as a foundational wellness tool.

“The dream is for every home to have infrared-enhanced products,” he says. “But if we can help improve the health of even one person I would consider it a success. I really believe that infrared can change lives and create a happier, healthier world. In 5 years, I hope that infrared technology has become more mainstream and there is a high level of consumer trust—and collectively, we are all getting more restful sleep, live at peak performance and recover well.”





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