Causeway Media Partners is an investment fund focused on sports media, entertainment, and related companies. Targeting growth equity- and venture capital-stage organizations, our team leverages its decades of success to help structure, execute, and monetize our investments.
Sports media is a large and growing sector, currently estimated at $30 billion. Sports rights and related programming have become must-have content for cable and satellite distributors, driving both subscriber revenues and advertising dollars. The sustained growth of the sports media segment has created some of the most valuable businesses in the world. The entrance of new distributors and evolving technology, plus continued growth in the sports market worldwide, will contribute to increasing demand for sports media content.
Growing a thriving business is challenging, and the pathway to success is invariably long and arduous. At Causeway we are passionately committed to forging long-term partnerships and supporting management teams at all points along this journey. Fostering open communication and collaborative strategic support, our ultimate goal is to bolster our portfolio companies, and the sports media sector as a whole, with not just investment dollars, but with our collective experience and acumen.
Causeway is led by investors with more than 60 years of collective experience working in private investing. With success in finance, healthcare, sports, media, and beyond, the Causeway team provides uncommon perspective and connections for our portfolio companies.
From running highly profitable investment funds with nearly $5 billion in assets, to owning and operating successful franchises in the NBA and NFL, Bob, Mark, and Wyc offer insight no other investors can. Causeway has built an extensive network of investors in sports and media, including a number of team owners and media executives. These relationships afford significant competitive advantage in finding and capitalizing on attractive investment opportunities. Access to this network of investors and influencers opens opportunities for our Limited Partners that have rarely been available previously.
Wyc has more than 25 years of investment, operating and legal experience. In 2002, Wyc conceived of and led the acquisition of the Boston Celtics, then a publicly-traded company, and became CEO and NBA Governor of the team. Wyc is a member of the Media, Executive, Audit, Compensation, Planning and Labor Committees of the NBA.
Wyc was a General Partner of Highland Capital Partners from 1995 to 2002, an investment firm that has raised over $3 billion of capital commitments across nine funds. While at Highland, he worked closely with Bob Higgins and frequently co-invested with Mark Wan. His early career included time spent as a venture capital lawyer and a business development manager.
Wyc serves on the Board of Directors of Formula E Holdings, Comcast SportsNet New England and as Chairman of the Massachusetts Eye and Ear Infirmary. He is a graduate of Princeton University, holds a law degree from the University of Michigan and earned an MBA from Stanford Business School.
Mark brings over a quarter century of successful private equity and venture investment experience to the firm. Prior to forming Causeway, he was a co-founding partner of Three Arch Partners from 1993 to 2012, a healthcare- focused investment firm that raised over $1 billion of capital commitments across five funds. During his tenure at Three Arch Partners, Mark often co-invested alongside Wyc Grousbeck and Bob Higgins at Highland Capital. Prior to Three Arch Partners, Mark was a general partner at Brentwood Associates, a private equity firm headquartered in Los Angeles.
Mark was a key part of the investment group that purchased the Boston Celtics in 2002. In addition to being an owner in the Celtics, Mark is also an owner in the NFL’s San Francisco 49ers. Mark is a former director of the Western Association of Venture Capitalists.
Mark is a graduate of Yale University and earned an MBA from Stanford Business School. At Yale, he was a varsity swimmer and water polo player.
Bob has over 30 years of venture and private equity investment experience. From 1988 to 2013, he was General Partner and Co-Founder of Highland Capital Partners, an investment firm that has raised over $3 billion of capital across nine funds. During his tenure, Bob worked with Wyc Grousbeck and frequently co-invested with Mark Wan.
In 2012, Bob was elected a fellow of the American Academy of Arts and Sciences. He is also a former director of the National Venture Capital Association and president of the New England Venture Capital Association. The Forbes Midas List and AlwaysOn Venture Capital 100 recognized him as one of the top venture capitalists in the industry.
Bob has also spent time as General Partner at Charles River Ventures and as Executive Director of the John A. Hartford Foundation. He was Chief Executive of the Robert Sterling Clark Foundation and the Burden Foundation. Bob is a former Assistant to both the U.S. Secretary of Commerce and the head of the international division of the U.S. Treasury.
Bob is a graduate of Harvard University and earned an MBA from Harvard Business School, where he is a part-time faculty member.
Steve brings nearly 30 years of experience as a financial professional to the firm, including eight years in venture capital and over 10 years as a senior financial executive. For the past eight years, he has served as the Chief Financial Officer for Three Arch Partners, a healthcare-focused investment firm that raised over $1 billion of capital commitments across five funds. Before joining Three Arch Partners, Steve served as Chief Financial Officer of U-Systems, a breast ultrasound company; Align Technology, a dental technology company that he took public in 2001; and General Surgical Innovations, a medical device company that he took public in 1996 and was acquired by Tyco International in 1999. He also held a management position with Ernst & Young LLP.
Steve received a B.S. degree in Business Administration from California Polytechnic State University, San Luis Obispo, where he was a lacrosse player. He is a Certified Public Accountant in California.
Please be aware that, although certain individuals are identified on this website as "Partners," such titles reflect business usage that is customary within the venture capital and private equity industry and are not intended to indicate that any such individual is actually a partner of any partnership as those terms are used for legal purposes.
Causeway Media Partners is pleased to announce our first investment. Formula E
Formula E Investment / Boston Globe: http://www.bostonglobe.com/business/2013/12/20/celtics-owners-invest-all-electric-auto-racing-circuit/P8T95GajVL0vN8CMOKBrEL/story.html
Formula E Launch Video / Autoweek: http://www.autoweek.com/article/20140106/MOTORSPORTS/140109912
If you are an entrepreneur working with a company focused on the sports media industry, please tell us your story! We want to build relationships with companies regardless of whether or not we invest.