Eldridge Industries

Eldridge Industries, founded by Todd Boehly, is a prominent private investment firm based in Greenwich, Connecticut, known for its expansive and diversified portfolio. The firm strategically invests across a wide array of sectors, including insurance, asset management, technology, mobility, sports, gaming, media, music, real estate, and consumer landscapes. This broad mandate allows Eldridge to engage with companies at various stages, from growth equity to significant control investments, reflecting a flexible and opportunistic investment approach.

The firm's investment philosophy centers on long-term value creation, often involving deep operational engagement and strategic partnerships with portfolio companies. Eldridge distinguishes itself by taking substantial, often controlling, stakes in businesses, aiming to foster sustainable growth and innovation within its diverse holdings. With reported assets under management exceeding $40 billion as of 2022, Eldridge possesses significant capital to deploy across its varied interests, enabling it to pursue large-scale acquisitions and strategic initiatives that might be beyond the scope of traditional venture capital firms.

Eldridge's typical "first cheque" size varies considerably due to its multifaceted investment strategy. While it participates in large-scale private equity buyouts and strategic acquisitions that can run into the hundreds of millions or even billions of dollars, it also engages in significant growth equity rounds. For instance, in 2021, Eldridge led a $100 million Series C funding round for Tonal, a smart home gym company, demonstrating its capacity for substantial investments in high-growth technology companies. The firm's involvement in major sports franchises, media conglomerates like Penske Media Corporation, and real estate ventures further underscores its ability to commit substantial capital across different asset classes.

Overall, Eldridge Industries operates more as a diversified holding company and private equity firm than a conventional venture capital fund. Its focus is on established or rapidly scaling businesses where it can apply its strategic insights and considerable financial resources to drive long-term value. The firm's unique structure and broad investment mandate position it as a significant player in the global investment landscape, capable of executing complex and large-scale transactions across its extensive range of interests.