Causeway Media Partners Raises $211.3 Million Fund

CAMBRIDGE, Mass. and PALO ALTO, Calif., Feb. 26, 2018 /PRNewswire/ -- Causeway Media Partners, a growth-stage venture capital firm focused on sports media, sports technology, and related companies, today announced the closing of Causeway Media Partners II with $211.3 million in capital commitments, exceeding its $175 million target. 

"We are excited to launch our second fund and to continue investing in the success of some of the world's best growth-stage sports media and technology focused companies," said Wyc Grousbeck, Causeway co-founder and the lead owner of the Boston Celtics.

"There is tremendous investment opportunity within the sports media and sports tech-related industries.  Causeway is uniquely positioned to make connections to media companies, team owners and other groups that are helpful to our portfolio companies," said Mark Wan, Causeway co-founder and part owner in both the Boston Celtics and San Francisco 49ers.

Bob Higgins, Causeway co-founder, stated, "We are extremely grateful for the support of our new and existing limited partners and will continue to work hard to generate superior returns for them.  We appreciate the confidence they have shown in both our team and strategy."

About Causeway Media Partners

Founded in 2013, Causeway Media Partners is an investment fund focused on sports media, sports technology, and related companies. Targeting growth equity and venture capital stage organizations, Causeway is committed to forging long-term partnerships and supporting management teams in their growth years. Causeway leverages its teams' decades of success to help structure, execute, and monetize its investments. The Causeway team offers an uncommonly diverse perspective on business as well as access to a unique network of connections. Causeway is led by: Wyc Grousbeck, former general partner at Highland Capital Partners and lead owner of the Boston Celtics; Mark Wan, co-founder of Three Arch Partners and part owner in both the Boston Celtics and the San Francisco 49ers; and Bob Higgins, co-founder of Highland Capital Partners. The limited partners of Causeway include professional team owners from the NFL, NBA, MLB, and other leagues. In addition, Causeway's limited partners include media executives, financial institutions, and general partners from a dozen private equity firms. Causeway has offices in Cambridge, MA and Palo Alto, CA.

SOURCE Causeway Media Partners