Michael Jordan is putting cash into Courtside Ventures, a VC account focused on activities, life and entertainment.
The tycoon has invested in Courtside’s present round, business partner Curtis Polk said in a text message. Courtside submitted a Form D to the SEC in June outlining its plans to raise$ 100 million for its fourth fund. In its first three resources, it raised full about$ 190 million.
How many effort does Jordan not seem to be making. Courtside’s member declined to comment.
Jordan is the highest-paid athlete of all-time, according to Sportico’s numbers, with more than$ 3.75 billion in inflation-adjusted earnings. He is currently worth about$ 3.5 billion, per Forbes.
He recently sold the NBA’s Charlotte Hornets in a deal worth about$ 3 billion and has since established a long-term relationship with Nike. His opportunities include DraftKings, Sportradar, Axiomatic, Cincoro tequila, banking business Vanilla, and different golf and cafe real estate projects. He even co-owns a NASCAR group, 23XI Racing, and is now in a legal battle with the racing circuits over antitrust issues.

Courtside was founded in 2016, up when sports-focused cash —particularly in early-stage investing—were unique. According to a post from May this year posted on the group’s website, the party now has three resources, more than 100 opportunities, and$ 200+ million in assets under management.
Its Fund I, a$ 35 million vehicle with just two LPs, made 41 investments, with an average initial check size of$ 359, 000. The largest status in any one firm from that account was$ 5.6 million, across three balances. As of May, the bank had exited nine opportunities, 18 of the businesses were shuttered, and 14 were still effective. According to Courtside, the first bank’s investment funds, which included the money from the escapes, and the remaining positions, had returned about$ 89 million.
Fund II, a$ 54 million vehicle with a larger LP base, made 30 assets with an average initial check size of$ 763, 000. The largest location in one company was$ 5.5 million. Of those 30 opportunities, three were acquired, seven were shuttered and 20 jobs are also effective as of May. According to Courttside, those opportunities have a potential worth of around$ 106 million.
Courtside raised$ 100 million for Fund III in 2021. Although it is too early to disclose the fund’s metrics, its May review states that the bank will likely consist of 34 investments with an initial assess size of$ 1.5 million on average. The first two funds had a more global emphasis, with a particular focus on games in emerging markets like India and Africa.

Courtside’s lovers are Deepen Parikh, Vasu Kulkarni and Kai Bond. Former NFL player Larry Fitzgerald and former DraftKings executive Sean Hurley serve as its officials.