Eldridge Industries: Inside Boehly’s $74 Billion Financial Empire
- Mike Bishop JD
- May 12
- 21 min read
Updated: May 14
Todd Boehly’s Eldridge Industries has quietly emerged as a mini-conglomerate spanning Wall Street and Hollywood. Founded in 2015 after Boehly’s high-profile spinout from Guggenheim Partners, Eldridge now oversees an estimated $72–74 billion in assets. In less than a decade, Boehly has assembled over 100 companies across insurance, credit, media, sports, and technology, with a total enterprise value around $10 billion. From financing Bruce Springsteen’s $500+ million song catalog sale to backing Premier League soccer club Chelsea F.C. in a £4.25 billion takeover, Eldridge’s reach is as eclectic as it is expansive. This feature takes a deep dive into Eldridge’s origins, capital structure, deal timeline, and how it stacks up against financial titans like Apollo, KKR, and Blackstone.
Founding Eldridge: A Guggenheim Spin-Out Fueled by Early Acquisitions
In 2015, Todd Boehly engineered what Wall Street saw as an unusually amicable exit from Guggenheim Partners, where he had been president since 2006. Boehly joined Guggenheim in 2001 to launch its credit-investing business and was instrumental in growing the firm’s assets (from about $5 billion to over $200 billion in 15 years). By the mid-2010s, however, Guggenheim was facing regulatory scrutiny (including an SEC inquiry into its dealings with financier Michael Milken), and Boehly was ready to strike out on his own. He negotiated a civil departure in 2015, arranging to buy a handful of Guggenheim’s businesses and take several senior colleagues with him.
Boehly’s newly formed holding company, Eldridge Industries, thus launched with a ready-made portfolio. Crucially, Boehly acquired Security Benefit Life Insurance Company – a Kansas-based insurer he had originally purchased for Guggenheim in 2010 – giving him a large pool of investable assets and insurance “float” from day one. He also scooped up Guggenheim’s media investments, including Dick Clark Productions, trade publications Billboard and The Hollywood Reporter, and the online platform Mediabistro. These early acquisitions formed Eldridge’s foundation in insurance and entertainment. “It’s our capital to invest as we see fit, without regard to day-to-day market dynamics,” Boehly said at the time, emphasizing the freedom that came with owning these assets outright.
Eldridge’s formation coincided with Boehly maintaining some ties to his former firm. He initially stayed on Guggenheim’s board and retained an equity stake in Guggenheim Partners until 2019, when he sold his interest and severed formal links. By then, Eldridge was charting its own course – and profitably so. In 2019, Eldridge was on track to earn over $500 million in net income, “putting it in the same league as Lazard Ltd.”, according to Boehly. A Duff & Phelps valuation that year pegged Eldridge’s enterprise value around $6 billion. Boehly and his partners had no plans to take the firm public, preferring their permanent capital model over the quarterly pressures of Wall Street. “What we’re trying to build here is something that stands the test of time,” Boehly remarked, evoking a Berkshire Hathaway-like vision.
Capital Structure: Insurance Float and AUM Breakdown
From inception, insurance has been the bedrock of Eldridge’s capital structure, much as it is for Warren Buffett’s Berkshire. Eldridge’s ownership of Security Benefit gave Boehly access to the insurer’s sizable general account assets (the reserves backing annuities and policies). Boehly explicitly emulated the Buffett model of using “captive” insurance premiums – the so-called float – to fund investments. Like Apollo Global Management’s Athene unit, Security Benefit issues annuities to generate investable assets, which Eldridge then deploys into a broad array of deals. By 2023, Security Benefit had $49.9 billion in assets and produced $1.2 billion in net income that year, reflecting both the growth of its annuity business and the strong returns earned on its portfolio.
At its core, Eldridge remains a closely-held holding company controlling these assets. Boehly is the controlling shareholder, and notably Swiss billionaire Hansjörg Wyss (founder of medical device firm Synthes) is a significant backer. Boehly met Wyss years earlier through Credit Suisse, and by 2018 Wyss had partnered with Boehly – together they own 87% of Eldridge’s equity (the remainder is split among a handful of Boehly’s longtime lieutenants). Wyss, whose fortune stems from the $20 billion sale of Synthes to J&J in 2012, has an estimated net worth between $5 and $10 billion. His involvement provided Eldridge with additional permanent capital (and credibility) as it expanded. In fact, Boehly commissioned the 2019 Duff & Phelps valuation as part of his shareholder agreement with Wyss – a move that underscored Eldridge’s discipline in managing its balance sheet. By year-end 2019, Eldridge had paid down debt from $1 billion to about $200 million, opting for a conservative leverage profile to safeguard its insurance-driven capital base.
How is Eldridge’s insurance float actually used? One strategy Eldridge employs is intercompany lending: Security Benefit makes loans and investments into Eldridge-affiliated ventures, capturing higher yields than traditional bonds (albeit with less liquidity). This has raised some eyebrows. By 2023, Security Benefit had $11.8 billion in loans to Eldridge-related entities, up explosively from $1.8 billion in 2017. These affiliate loans now represent over 25% of the insurer’s invested assets (vs. just 6.8% in 2017). Regulators have taken notice – Kansas insurance officials conducted a special exam of Security Benefit’s books, given its outsized 63% share of all “collateral loans” held by U.S. life insurers. Eldridge maintains that all such transactions are arm’s-length and properly secured, noting Security Benefit’s investment returns have been among the industry’s best. Indeed, despite the unconventional asset mix, Security Benefit carries an A- rating and ample capital by regulatory standards. This aggressive but carefully defended use of insurance float is a hallmark of Eldridge’s model – one that mirrors Apollo’s approach in principle, but pushes into more illiquid territory than peers like Apollo’s Athene (which, by contrast, held zero interaffiliate loans as of 2022).
Beyond insurance, Eldridge’s remaining ~$22 billion in assets come from a mix of proprietary capital and third-party funds. Unlike traditional private equity firms, Eldridge does not primarily raise blind-pool funds from institutional investors – it prefers deal-by-deal investments and permanent stakes. However, Eldridge has selectively managed outside capital. For instance, it owns Maranon Capital, a middle-market credit manager, and launched Panagram (a structured credit/CLO platform) in 2021, both of which manage investor money alongside Eldridge’s own. Eldridge also co-founded Cain International, a real estate investment firm now overseeing $17 billion in assets (backed by Eldridge and investor Jonathan Goldstein). These partnerships have allowed Eldridge to lever its expertise with OPM (“other people’s money”) in certain sectors, complementing the firm’s significant balance sheet investments.
Timeline of Major Deals and Investments (2015–2025)
From media and sports to fintech and real estate, Eldridge’s deal activity has been prolific. Below is a chronological timeline of major acquisitions, investments, joint ventures, and restructurings that have shaped Eldridge’s evolution, including estimated deal sizes and valuation metrics where available:
Highlights
From the above timeline, Eldridge’s growth has been nonlinear but opportunistic. The firm’s media and entertainment forays saw it build, merge, and later unwind joint ventures – resulting in a refocused portfolio where Eldridge now directly owns marquee assets like Dick Clark Productions, stakes in Billboard/The Hollywood Reporter, and partnerships in events (e.g. its joint venture Penske Media Eldridge which co-owns South by Southwest festival and other IP). In sports, Boehly leveraged Eldridge’s resources (and his own passion for sports) to invest in everything from DraftKings (daily fantasy) to Cloud9 (esports), culminating in the headline-grabbing purchase of Chelsea F.C. in 2022. Through Eldridge, Boehly also retained his early sports holdings – notably his Los Angeles Dodgers stake (acquired in 2012 as part of Guggenheim’s $2.15 billion Dodgers deal) – and expanded into related real estate such as Chavez Ravine. In technology and fintech, Eldridge has been an active venture investor, backing fintech unicorns like Stash and infrastructure startups like Dataminr and CAIS, often providing late-stage funding to propel companies to IPO or acquisition (as seen with Truebill and AnyVision). Meanwhile, Eldridge’s core finance operations – insurance, credit, and lending – have steadily expanded via acquisitions (Maranon, CBAM), organic growth (Stonebriar’s leasing portfolio), and new launches (Panagram). By 2025, Eldridge’s eclectic empire spans insurance, asset management, real estate development, media production, sports franchises, technology ventures, and more.
Comparing Eldridge to Apollo, KKR, and Blackstone
Eldridge Industries often invites comparisons to the big league alternative asset managers – firms like Apollo Global Management, KKR, and Blackstone – as well as to classic conglomerates like Berkshire Hathaway. In reality, Eldridge both mirrors and differs from these peers in key ways:
Scale and Structure: Eldridge’s ~$74 billion in AUM is a fraction of the assets managed by Apollo, KKR, or Blackstone. (For perspective, Blackstone is nearing $1 trillion in AUM, while Apollo and KKR manage $600–800 billion each.) Unlike the publicly traded alt-asset giants, Eldridge remains privately held by Boehly and partners (with no immediate intent to IPO). This private status gives Eldridge flexibility to take a very long-term view. Boehly has explicitly stated “we’re not going to be buying things in an auction format with the idea of selling them three years later”, distancing Eldridge’s “permanent capital” ethos from the typical private equity model. In other words, Eldridge isn’t beholden to fund life-cycles or LP redemption schedules – it can hold assets indefinitely, much like Berkshire Hathaway or Koch Industries’ model of compounding returns over decades.
Use of Insurance as Capital Base: Both Eldridge and Apollo have leveraged insurance affiliates to fuel growth, but the approach differs in degree. Apollo (via its subsidiary Athene) and KKR (via Global Atlantic) have acquired large insurers to secure a permanent capital base and stable fee income. Eldridge’s use of Security Benefit is analogous – providing steady inflows and a platform to invest in credit. However, Eldridge’s strategy has been more aggressive in related-party deployment of those funds (e.g. the collateral loans to Eldridge deals, which Apollo’s Athene pointedly avoided). Additionally, Apollo and KKR manage insurance assets largely on behalf of public shareholders and external policyholders, under heavy scrutiny. Eldridge, as a privately controlled firm, arguably has more leeway (within regulatory bounds) to invest its insurance float creatively. The flip side is that Eldridge bears the full risk/reward of those choices – if an Eldridge-backed venture falters (as happened with an Eldridge-owned Pizza Hut franchisee that went bankrupt in 2020), that pain can flow back to the insurer’s balance sheet. Eldridge’s tolerance for such integrated risk reflects Boehly’s confidence in his underwriting and a “skin in the game” mentality not common in larger, more siloed institutions.
Diversification vs. Focus: Blackstone, Apollo, and KKR have each diversified into multiple alternative asset classes (private equity, credit, real estate, infrastructure, etc.), but their core business remains managing funds for institutional investors. Eldridge’s portfolio is diversified beyond traditional finance – it includes direct ownership of operating businesses in entertainment, sports, consumer brands (e.g. restaurant chains via Aurify Brands), and venture capital-style tech bets. In a sense, Eldridge combines the roles of investor, owner, and operator. This harks back to conglomerates of the past, or to family office investment vehicles. Boehly himself has drawn analogies to Berkshire Hathaway’s model, and even cited Koch Industries as an inspiration for compounding modest returns with leverage over time. Eldridge’s freedom to allocate capital across such a wide spectrum – from high-yield credit to Hollywood studios – is a competitive advantage, but also a stark difference from the specialized funds run by the big PE firms.
Earnings and Performance: Eldridge’s profitability (an estimated $500 million in earnings in 2019, likely higher now) is impressive relative to its size – its return on assets is boosted by the high-yield investments funded by low-cost insurance liabilities. In that sense, Eldridge achieves a spread similar to Apollo’s “spread lending” income from Athene. However, Apollo, KKR, and Blackstone also earn substantial fee-related earnings from managing third-party capital – something Eldridge historically lacked, but is now courting through its 2025 reorganization. With Eldridge Capital Management, Boehly may seek to raise external funds in specific strategies (e.g. GP solutions or real estate credit) to augment Eldridge’s balance-sheet investments. Competing with established giants won’t be easy: Apollo and Blackstone have global fundraising machines and decades-long track records. Yet Eldridge’s boutique scale and co-investment model could attract certain investors looking for a more nimble partner that always invests its own money alongside clients. Eldridge also benefits from not having to distribute earnings – Boehly can reinvest profits, whereas public PE firms must consider shareholders’ demands for dividends or buybacks.
In summary, Eldridge stands as a unique hybrid: part family office, part diversified investment manager. It shares Apollo’s love of insurance-backed credit arbitrage and Berkshire’s love of permanent capital, all while dabbling in industries (like media and sports) that traditional PE firms only selectively approach. Eldridge’s $15 billion estimated market value (per recent Bloomberg analysis of Boehly’s holdings) and Boehly’s personal billionaire status are testament to the model’s success so far. But the firm’s future trajectory – especially as it formalizes into Eldridge Capital Management – will determine if it can truly scale up and compete in the same arena as the alt-finance heavyweights.
Key Leadership: The Personalities Behind Eldridge
Todd L. Boehly (Chairman & CEO): The architect of Eldridge, Todd Boehly, 51, is a former credit specialist turned multi-industry investor. An alumnus of the College of William & Mary (B.B.A.) and London School of Economics, Boehly began his career at Credit Suisse First Boston and J.H. Whitney & Co.. In 2001, he joined Guggenheim Partners, where he launched the firm’s high-yield credit business and soon rose to President. Over 14 years at Guggenheim, Boehly helped expand assets dramatically and forged his deal-making reputation (helping engineer Guggenheim’s purchase of the LA Dodgers in 2012). He founded Eldridge in 2015, negotiating ownership of key Guggenheim assets in exchange for a cordial exit. Since then, Boehly has become widely known for his sports and entertainment investments – co-owning the Los Angeles Dodgers (MLB) and Los Angeles Lakers (NBA; a stake he later sold), and serving as the controlling owner and chairman of Chelsea F.C. in the English Premier League. Boehly’s investing style blends fixed-income acumen (he’s been dubbed a “billionaire bond investor”) with an appetite for pop culture assets (from song catalogs to esports teams). As of 2025, Forbes estimates Todd Boehly’s net worth at $8.5 billion, up from $6.1 billion in 2022. This wealth is largely tied to his majority ownership of Eldridge Industries (valued around $15 billion) and the appreciating sports franchises. Boehly is often described as hands-on and relationship-driven – he personally negotiated deals like the Springsteen music purchase and even served a stint as interim CEO of the Hollywood Foreign Press to reform the Golden Globes. His broad interests are united by a common strategy: deploy long-term capital into assets with stable cash flows or franchise value, and then amplify returns through creative financing (frequently using insurance leverage). Under Boehly’s leadership, Eldridge has adopted a patient but bold investment mandate. “We look for things that can stand the test of time,” he says, a philosophy evidenced by Eldridge’s multi-year holds and focus on compounding equity.
Anthony D. “Tony” Minella (Co-founder & President): Tony Minella is Boehly’s long-time right-hand man and the operational executer behind Eldridge’s sprawling investments. A fellow Credit Suisse alumnus, Minella has worked alongside Boehly for roughly 25 years. He followed Boehly from Guggenheim to co-found Eldridge in 2015, taking the title of President. Minella’s background is in investment banking and credit; at Eldridge he has been deeply involved in structuring deals and managing portfolio companies. Described as low-profile and analytical, Minella often oversees Eldridge’s “deal team” and the due diligence process for new investments. In Eldridge’s 2025 reorganization, Minella was named CEO of Eldridge Capital Management, the new asset management arm. This puts him in charge of day-to-day management of Eldridge’s credit, GP solutions, real estate, and sports/media investment teams. Minella also sits on the boards of several Eldridge companies (for example, he’s been involved in Eldridge’s insurance ventures and fintech investments). Industry observers note that Minella’s steady hand complements Boehly’s big-picture vision – Boehly is often the public face and networker, while Minella ensures execution and integration behind the scenes. Little has been published about Minella’s personal net worth, but as a co-owner of Eldridge (he holds an equity stake alongside Boehly and others), his wealth likely numbers in the hundreds of millions. Minella is the son of veteran finance executive David Minella, which perhaps contributed to his early exposure to the investment world. Colleagues credit Tony Minella with instilling a “rigorous investment process” at Eldridge – from risk management in the insurance portfolio to the complex merger of Valence Media’s assets – ensuring Boehly’s bold bets are grounded in solid analysis.
Hansjörg Wyss (Key Investor & Strategic Partner): Although not an executive of Eldridge, Hansjörg Wyss (age 89) warrants inclusion as a pivotal figure in Eldridge’s story. Wyss is a Swiss-born entrepreneur and philanthropist famed for founding Synthes USA, a medical device manufacturer he sold to Johnson & Johnson for $20.2 billion in 2012. That deal minted Wyss as one of Europe’s wealthiest individuals – Forbes lists his net worth at about $5.1 billion (2023), though other estimates put it above $10 billion given his extensive charitable giving. Boehly first met Wyss during his early career in banking, and the two kept in touch. In Eldridge’s early years, Wyss became an anchor investor, injecting capital in exchange for a significant equity stake. By 2018, Wyss and Boehly together owned 87% of Eldridge Industries, suggesting Wyss likely holds a stake on the order of 20–30% (exact figures are private). This makes Wyss a silent partner in many Eldridge deals. Notably, Wyss joined Boehly’s consortium to buy Chelsea F.C., contributing to the bid and lending his name to the Premier League approval process. Wyss’s investment was somewhat unusual – he had no prior sports holdings – but it aligned with his strategy of impactful investments (Wyss said he saw it as an opportunity to help “save” a storied club during a turbulent moment). Beyond Eldridge, Wyss is known for his environmental philanthropy, having donated over a billion dollars to wilderness conservation. Within Eldridge’s orbit, Wyss doesn’t take on management roles, but Boehly has cited him as a valued adviser. Eldridge’s conservative leverage (low debt) and long-term orientation reflect a convergence of Boehly’s and Wyss’s philosophies. Both men prize capital preservation and multigenerational growth. When Boehly sought an independent valuation of Eldridge in 2019, it was partly to formalize Wyss’s ownership agreement – underscoring the trust and transparency in their partnership. Hansjörg Wyss’s backing gave Eldridge heavyweight credibility in its infancy and an added cushion of liquidity. As Eldridge steps into a more public-facing role (with the new asset management units), Wyss remains a behind-the-scenes linchpin whose interests are aligned with Eldridge’s continued success.
Evolution and Outlook: Eldridge’s Path Through 2025 and Beyond
From a one-floor office in Greenwich, Connecticut overlooking a harbor, Eldridge Industries has grown into a bicoastal (indeed, global) enterprise with offices in New York, London, Beverly Hills, Miami and beyond. The organizational evolution in 2025 – splitting Eldridge into Eldridge Capital Management and Eldridge Wealth Solutions – marks a significant turning point. It suggests that Boehly’s operation is institutionalizing, moving from an informal conglomerate toward a structured asset manager that could eventually tap outside investors or public markets. The new setup brings clarity: Eldridge Wealth Solutions will hold the insurance companies (Security Benefit and new life insurer Everly) and focus on retirement products, while Eldridge Capital Management will pursue four distinct investment verticals. Each vertical has dedicated leadership (seasoned hires were announced to head credit, GP solutions, real estate, etc.), indicating a more traditional management hierarchy and possibly paving the way for launching fund products in those areas.
This reorganization also aligns Eldridge with a trend its larger peers have followed – for example, Blackstone moved early to segment real estate, credit, and hedge fund units; KKR and Apollo similarly report by business segment. For Eldridge, one motivation is likely scale: Boehly sees an opportunity to expand beyond his own capital.
As Pensions & Investments reported, Eldridge is “capitalizing on the investment industry’s push” to combine insurance balance sheets with asset management. In a sense, Eldridge’s strategy has been vindicated by the moves of Apollo, KKR, Blackstone (and even Brookfield and Carlyle) to embrace permanent capital and perpetual asset vehicles. Eldridge, despite being smaller, started with that endgame – a permanent capital core – and is now scaling up around it.
Going forward, a few key themes will likely define Eldridge’s trajectory:
Integration and Synergy: With all investment teams under one roof, Eldridge can leverage insights across its portfolio. A real-world example: Eldridge’s sports, media, and gaming knowledge (via owning Dick Clark Productions, DraftKings, etc.) could inform its GP solutions deals when evaluating entertainment-focused investment firms. The cross-pollination of expertise is something Boehly has championed – he often talks about how being in Hollywood and sports gives him an edge in understanding consumer trends, which feeds into credit decisions and vice versa.
Selective External Capital: Don’t expect Eldridge to open the floodgates to public investors overnight – Boehly cherishes control – but targeted fundraises are on the menu. For instance, an Eldridge Credit Opportunities Fund or a dedicated Sports & Entertainment private equity fund (leveraging Eldridge’s unique brand in that arena) could attract pension funds and family offices. The 2024 Blue Owl GP Stakes investment also hints that Eldridge might partner with established managers rather than compete outright – a collaborative approach to growth.
Competitive Positioning: In the realm of alternatives, Eldridge will continue to punch above its weight. Its flexibility to do bespoke deals (like the Springsteen catalog financing or rescuing Ark Invest’s ownership structure) gives it a niche that giants can’t easily fill due to bureaucracy or mandate constraints. Moreover, Eldridge’s permanent pool allows it to be contrarian in downturns. Boehly has indicated interest in areas like “farm financing” and “European football clubs” when opportunities arise. In 2022–23, when many PE firms pulled back, Eldridge aggressively invested in hard-hit sectors (such as its infusion into hospitality and live events, e.g. taking a stake in luxury hotelier Aman Group via Cain, or financing South by Southwest during the pandemic slump). This opportunistic streak will likely continue.
Risk Management: Eldridge’s critics point to potential concentration risks – a significant portion of Eldridge’s capital is effectively tied to Boehly’s own ventures. The SEC and NAIC are increasing scrutiny on arrangements like Eldridge’s, to ensure insurance policyholders are protected. Eldridge will need to navigate this carefully, perhaps by diversifying Security Benefit’s portfolio or capping affiliate transactions as it invites more oversight. On the flip side, Boehly can argue that Eldridge’s interests are aligned with Security Benefit’s – “nobody loses more from a decline in Security Benefit’s value than Eldridge”, his lawyer noted – and so far, performance has been strong. Still, maintaining that balance (innovative investing without tripping regulatory wires) will be crucial.
As of mid-2025, Eldridge Industries – now simply Eldridge – stands as a testament to Todd Boehly’s ability to meld Wall Street savvy with Hollywood flair. In a little over ten years, he went from being Guggenheim’s behind-the-scenes dealmaker to a headline-making principal, winning trophies from the World Series (with the Dodgers) to the Golden Globes. Yet, Boehly is quick to deflect attention to his firm’s culture of teamwork and long-term thinking. “It’s about compounding and letting great management teams do their thing,” he often emphasizes.
Can Eldridge maintain its entrepreneurial edge as it becomes more structured? Boehly appears intent on proving that a firm like his can scale without losing agility. He has no intention of slowing down: recent reports suggest Eldridge is exploring new investments in areas ranging from life sciences to European infrastructure, while also considering a larger push into wealth management services for high-net-worth clients (leveraging its insurance and fintech capabilities). The creation of Eldridge Wealth Solutions hints at that, bundling annuities with advisory offerings.
In the broader landscape, Eldridge is an emerging archetype for 21st-century conglomerates – one that doesn’t manufacture goods or dominate a single industry, but rather allocates capital dynamically across sectors. It’s Berkshire Hathaway meets Blackstone, with a dash of Silicon Valley and sports thrown in. Few firms have such an eclectic mix, and even fewer are led by someone as personally invested as Boehly, who is as likely to be spotted in a baseball cap at Dodger Stadium as in a suit on an insurance earnings call.
For now, Eldridge’s story is one of bold vision and calculated bets paying off. If Boehly can continue to harness the “power of compound interest” (as he calls it) using both financial engineering and real-economy investments, Eldridge Industries may well join the ranks of the financial titans it’s often compared to – on its own unconventional terms.
Sources:
Eldridge Industries founding and asset purchases – Wikipedia; Bloomberg Interview
Eldridge AUM and 2025 reorganization – Wikipedia; Business Wire (Press Release)
Insurance float strategy (Berkshire/Apollo comparison) – Bloomberg/Private Wealth
Security Benefit assets, income, and affiliate loan usage – Wikipedia; Bloomberg News
Dodgers acquisition and Boehly’s stake – Bloomberg/Private Wealth
DraftKings investment (2017) – Wikipedia
Bruce Springsteen catalog deal – Wikipedia
CBAM sale to Carlyle – Wikipedia
Chelsea F.C. takeover (2022) – Goal.com / Chelsea FC statement
Cain International AUM and projects – Wikipedia
Eldridge valuation and earnings (2019) – Bloomberg/Private Wealth
Eldridge capital breakdown by segment (2018) – Bloomberg/Private Wealth
Forbes profile excerpt (100+ companies, $10B portfolio) – Forbes via LinkedIn
Todd Boehly net worth and biography – Wikipedia; Forbes
Hansjörg Wyss background and net worth – Fortune; Forbes
Blue Owl GP stake investment – Wikipedia
Press release on Eldridge reorg and strategy – Business Wire
Reuters coverage of Vivid Seats SPAC deal – Reuters
Guggenheim era context (Milken inquiry) – Fox Business
Boehly quote on long-term ethos – Bloomberg/Private Wealth
Will written and research article on Eldridge