WINSTON-SALEM — An investment manager focused on sports businesses has raised $52.1 million in a private equity fund, according to a filing Tuesday with the Securities and Exchange Commission.
Teall Capital
Teall Capital raised the money for Teall Growth Fund I from 54 investors, according to the filing.
The Winston-Salem-based company was founded in 2017 by Ben C. Sutton Jr. The company and related partnerships manage investments in a portfolio of businesses.
Its ownership interests including ownership interests in Tailgate Guys, which is a national hospitality company, the minor league baseball team Winston-Salem Dash, a Napa Valley winery called Alpha Omega, North Carolina farming operations, multiple technology companies, real estate and restaurants.
It also has investments in Sunshine Beverages and Dyehard Fan Supply, a national sports and entertainment merchandising business.
Sutton was previously chairman and CEO of IMG College, the largest college sports sponsorship and media company in America.
Ben Sutton
Prior to IMG, Sutton spent 18 years as chairman and CEO for ISP Sports, which he founded in 1992.
Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.
This story is from the North Carolina Business News Wire, a service of the UNC-Chapel Hill School of Media and Journalism
