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Blue Owl's HomeCourt Partners' Fund Announces Minority Equity Investment in Cleveland Cavaliers

  • Blue Owl HomeCourt Partners acquired a minority equity stake in the Cleveland Cavaliers & its accompanying assets on July 6, 2026.
  • Cleveland Cavaliers Owner Dan Gilbert will maintain his majority stake in the franchise.
  • HomeCourt is the only pre-approved institutional investor permitted to purchase equity stakes in all 30 NBA franchises.
  • This transaction marks the sixth NBA franchise investment by HomeCourt since its 2020 launch, following investments in the Minnesota Timberwolves, Charlotte Hornets, Atlanta Hawks, Sacramento Kings, & Phoenix Suns.
  • Blue Owl co-president Michael Rees cited the Cavaliers' discipline, culture, & deep community roots as key factors in the investment.
  • Cavaliers CEO Nic Barlage stated the partnership strengthens the organization's competitive position & operational excellence.
  • Blue Owl manages $315 billion in assets as of March 31, 2026, across Credit, Real Assets, & GP Strategic Capital platforms.
  • The Cleveland Cavaliers are part of Rock Entertainment Group & are led by President of Basketball Operations Koby Altman & Head Coach Kenny Atkinson.