Monarch Collective Expands Fund to $250 Million to Boost Women's Sports Investments

The private equity firm plans to broaden its portfolio with new investments in teams, leagues, and media rights as women's sports continue to gain traction.

Monarch Collective, founded in 2023, has increased its fund size from $150 million to $250 million, with contributions from existing and new investors including Melinda French Gates' Pivotal Ventures and the Rockefeller Foundation's Elizabeth Yee.
The firm has minority stakes in three National Women's Soccer League teams—Angel City FC, San Diego Wave FC, and BOS Nation FC—and plans to expand into other sports and international markets.
Women's sports have seen significant growth, with rising team valuations, record-breaking attendance, and increased media rights deals, such as the NWSL's $60 million annual agreements with major broadcasters.
Monarch Collective takes a hands-on approach to its investments, assisting with operations, hiring, and infrastructure development to strengthen the fundamentals of its portfolio teams.
The fund's expansion reflects growing investor confidence in the profitability of women's sports, with projections suggesting a women's sports franchise could reach a $1 billion valuation within the next decade.