Founded in 2019, Arctos has become a leader in the burgeoning field of institutional sports investments, with $3 billion in assets under management as of October. That includes stakes in more than a dozen pro teams, including the Golden State Warriors, Sacramento Kings and, through Fenway Sports Group, the Boston Red Sox and Liverpool FC. In January 2022 Arctos purchased an interest in the Tampa Bay Lightening NHL franchise from owner Jeff Vinik. Along with the Lightning, Arctos also recently bought minority stakes in the Pittsburgh Penguins and Minnesota Wild. Arctos co-founders Ian Charles and David O’Conner first approached Vinik years ago. Arctos doesn’t make its individual investors publicly known, but industry publication Private Equity International has reported they include the New Mexico Educational Retirement Board and Employees Retirement System of Texas. In 2021, the publication named Arctos its mid-market firm of the year.