Sidley Advises Ariel Investments in Its First Close of Project Level

Sidley advised Ariel Investments in connection with Project Level, which raised US$250 million in committed capital a year after the platform’s launch, creating one of the largest dedicated pools of institutional capital focused on opportunities across women’s sports, including teams, leagues, and sports-adjacent businesses.

The platform completed its first close with a robust investment pipeline and anchored its portfolio through investments in Denver Summit, the National Women’s Soccer League’s sixteenth expansion team, and League One Volleyball, a rapidly growing women’s volleyball organization. Project Level was launched to capitalize on the accelerating growth, increasing viewership, and expanding commercial opportunities across women’s sports.