The Raptor Group has launched a new consulting business focused on sports.
The new company, RaptorAccelerator, has offices in Boston, New York and Austin, Texas, which Raptor founder James Pallotta says could be the next Silicon Valley.
RaptorAccelerator will work with early-stage sports, media, entertainment and content technology companies, as well as in other companies that Raptor invests in. Despite that link, RaptorAccelerator will be run separately from Raptor's hedge funds and other investment activities.
The new company is headed by Mark Pannes and Sean Barror. The former was director of HSBC Private Bank's global sports group and the latter a former sales executive at Madison Square Garden.
"We are delighted to have two of the most successful and highly regarded executives in the field leading this unique advisory firm," Pallotta, a former star manager at Tudor Investment Corp. and a minority owner of basketball's Boston Celtics, said. "With more than 40 years of combined experience, including over $1 billion in sponsorship, rights and licensing deals, Mark and Sean have the perspective, track record and relationships necessary to unlock significant value for clients and set them on the fast track to revenue growth and commercial success."