MMA moguls' next act: Former UFC owners launch Fertitta Capital
Less than a year ago, brothers Lorenzo and Frank Fertitta sold Ultimate Fighting Championship to a consortium led by talent agency WME-IMG, turning their $2 million investment into a $4 billion sale.
They're ready now to invest some of those profits, launching Fertitta Capital with $500 million in seed money.
The private firm aims to invest in consumer-facing companies across technology, media and entertainment.
Nakisa Bidarian, who served as UFC CFO under the Fertittas, will l...