NEP Group Receives New Equity Investment From 26North Partners LP, Co-Investors

NEP Group Receives New Equity Investment From 26North Partners LP, Co-InvestorsCarlyle remains the largest shareholder as the company prepares for the futureBy Ken Kerschbaumer, Editorial Director

Friday, October 17, 2025 - 9:00 am

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NEP Group has received a new equity investment from 26North Partners LP (26North) and a group of co-investors. Carlyle, NEP's existing sponsor, is participating in the investment alongside 26North and will remain NEP's largest shareholder, reaffirming Carlyle's long-term commitment to the company.

26North, a next-generation alternatives platform, was founded in 2022 by Josh Harris, founder/managing general partner, Harris Blitzer Sports & Entertainment and managing partner, Washington Commanders. This portfolio of premier franchises across sports and entertainment aligns closely with NEP's position at the intersection of media and live events.

26North will build on the strong foundation that NEP leadership and Carlyle have created, says Mark Weinberg, head of Private equity, 26North. NEP represents the kind of business we seek to invest in: a global market leader with a stellar reputation for service delivery, technical expertise, and innovation that keeps customers coming back for compelling storytelling around their most important events and experiences.

NEP has also successfully completed a comprehensive debt refinancing. Supported by the strong performance and global client relationships, the refinancing enhances the company's capital structure and reduces its debt levels, reinforcing NEP's strong foundation for future growth.

Completion of the transaction underscores conviction in the company's future, says NEP Group CEO Martin Stewart. We're thrilled to take NEP to the next level with outstanding capital partners at our side. Josh brings exceptional expertise in creating one of the world's leading sports and entertainment portfolios, and he and the 26North team have a proven track record of growing businesses across industries. We also couldn't be more pleased to have earned the continued trust and support of Carlyle.

Over 40 years, NEP has become the trusted media-services and live-events partner behind many of the world's most iconic live productions: sports events like the Super Bowl, the Olympics, the World Cup, the World Series, the Masters Tournament, the PGA Championship, Premier League football, and Wimbledon; entertainment productions including Eurovision Song Contest, the Oscars, The Voice, and numerous concert tours; conferences and product launches for Fortune 500 companies; and major global events like the recent NATO Summit.

Today's important milestones position NEP to accelerate investment in its global operations, product development, and new partnerships - enhancing its capabilities and speed to market in delivering innovative solutions globally.

We remain committed to investing in our people, technology, and dynamic facilities to deliver the innovation, scale, and reliability that our clients have relied on for 40 years, says Stewart. We're beginning our next 40 years with great momentum.

NEP was advised by Goldman Sachs, Latham & Watkins LLP, and Debevoise & Plimpton LLP. 26North was advised by RBC Capital Markets; Greenhill, a Mizuho affiliate; and Kirkland & Ellis LLP. Barclays and Goldman Sachs served as lead advisors on the refinancing.

For more information on NEP's full range of media services and live-event solutions, visit www.nepgroup.com.

LINK:	https://www.sportsvideo.org/2025/10/17/nep-group-receives-new-equity-i...
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