Women's sports firm Monarch Collective ups fund size to $250 million
Summary
(Photo by Eakin Howard/Getty Images)Billionaire-backed investment firm Monarch Collective has expanded the size of its fund in light of the continued surge in popularity of womens sports.The fund, which launched in 2023 is expanding from $150 million to $250 million, with most of the additional capital coming from existing investors, which include Melina French Gates Pivotal Ventures, Hello Sunshine CEO Sarah Harden, and former Netflix executive Cindy Holland and partner Annie Imhoff.New investors have come on board, too, the firm said in an announcement Thursday, including Beth Brooke, Ernst & Youngs former global vice chairman of public policy, and Elizabeth Yee, executive vice president of programs at The Rockefeller Foundation. She started the firm alongside Jasmine Robinson, who was most recently at Causeway, a growth stage investment fund focused on sports, media, gaming and fitness. "So far, Monarch has invested in three NWSL teams Angel City FC, BOS Nation and the San Diego Wave. Last year, Angel City sold a controlling stake to journalist Willow Bay and Disney CEO Bob Iger for an undisclosed sum that valued the team at $250 million. "Media rights for the WNBA, for example, could see a price reevaluation after the 2028 season to account for its recent growth in popularity, CNBC reported last year.