Las Vegas Sun Lorenzo Fertitta, displayed in 2013, and his bro Frank this week revealed the launch of Fertitta Capital, a private financial investment firm seeded with $500 million of personal loan.
Less than a year after selling the UFC, the Fertitta brothers formally introduced their latest company, Fertitta Capital, using some of the very same people with whom they worked in the mixed martial arts company.
Monday was the official launch for Fertitta Capital, an investment company that will be led by CEO Nakisa Bidarian.
Frank and Lorenzo Fertitta will be throwing in the first $500 million to money the company’s investments. It’s a significant investment, however it pales in comparison to the $4 billion they got when they sold the UFC to a financial investment group made up of WME|IMG, Silver Lake partners and KKR.
As the CFO of the UFC, according to a press release revealing the launch, Bidarian assisted organize the sale of the mixed martial arts business and also of Fertitta Home entertainment, Inc., a gaming and leisure management company.
“We have understood and worked side by side with Nakisa for practically a decade,” stated Lorenzo Fertitta in the release. “His understanding of business financing and functional technique and how both translate into building organisations is something we have actually experienced firsthand.”
In addition to his function with the UFC, Bidarian held positions at Accenture, Citi, Morgan Stanley and the Mubadala Development Co.
. As a private investment company, Fertitta Capital will be moneying technology, media and home entertainment companies.
In the release, Fertitta stated Fertitta Capital will invest in companies throughout their organisation cycles, focusing on the requirements of business requesting the funds and not the time lines of investors.
Bidarian will mostly be accountable for releasing the firm’s loan, the release said, but Lorenzo Fertitta will be resting on the panel that fulfills to evaluate possible financial investment options and decisions, a business representative said.
Sam Bakhshandehpour, formerly the CEO of sbe Home entertainment, will be a managing director of Fertitta Capital. Bakhshandehpour was previously at J.P. Morgan, where he was worldwide head of video gaming and West Coast head of property and accommodations investment banking.