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Non-Profit Foundation
FINANCIAL | Investment Firms & Funds
globalpartnerships.org

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Investments

12

Funds

2

About Global Partnerships

Global Partnerships (GP) is a 501(c)3 nonprofit impact investor whose mission is to expand opportunity for people living in poverty. We pioneer and invest in sustainable solutions that help impoverished people earn a living and improve their lives.

Global Partnerships Headquarter Location

1932 First Avenue Suite 400

Seattle, Washington, 98101,

United States

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Global Partnerships Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Global Partnerships Rank

Latest Global Partnerships News

San Antonio Spurs Hires Legends Global Partnerships To Sell Arena Naming Rights

Nov 11, 2021

ASSOCIATED PRESS The San Antonio Spurs are searching for a naming rights partner for its home arena after AT&T decided not to renew its deal that expires following the 2021-22 NBA season. Spurs Sports & Entertainment, the organization’s parent company, has hired Legends Global Partnerships to help identify and sign a company that will have its name on the Spurs’ arena beginning in the fall of 2022. Legends Global has worked with other professional franchises for naming rights deals, including the Los Angeles Rams and Chargers for SoFi Stadium; the Las Vegas Raiders for Allegiant Stadium; and the Columbus Crew for Lower.com Field. The Spurs’ arena opened in October 2002 as the SBC Center when SBC Communications signed a 20-year naming rights deal worth a total of $41 million. It was renamed the AT&T Center in 2006, shortly after AT&T acquired SBC. Besides opting to not renew its naming rights deal, AT&T also in the summer sold its minority stake in the team. But the company plans on continuing to invest in sports sponsorships elsewhere. “The decision (not to renew the Spurs’ arena naming rights deal) was part of our continuous evaluation of our corporate sponsorship portfolio nationwide,” an AT&T spokeswoman said. “As the Official Partner of both the NBA and WNBA, as well as a Corporate Champion of the NCAA, we will continue to serve and support basketball fans all across the country.” MORE FOR YOU The Spurs were valued at $1.98 billion in the most recent Forbes team valuations, which were released last month. That makes them the 15th-most valuable franchise in the 30-team league. The Spurs’ value increased 7% from a year ago, while the average team value increased by 13% to $2.48 billion. The Spurs are in the early stages of identifying a naming rights partner, but the franchise expects the deal’s value to increase significantly from its current agreement with AT&T as the NBA’s business is booming. Several NBA franchises have agreed to arena naming rights deals this year. The Miami Heat signed a contract with FTX, a cryptocurrency exchange, for a 19-year deal worth a reported $135 million. The Los Angeles Clippers inked a deal with Intuit , a technology company, worth a reported more than $500 million over 23 years for an arena the franchise is constructing in Inglewood, Calif., that’s scheduled to open in 2024. During the summer, the Indiana Pacers also signed a deal with Gainbridge Insurance Agency, while the Phoenix Suns signed with Footprint, a plant-based food-packaging company. Details of those transactions were not disclosed. “Given where the market is, there certainly has been rapid growth and acceleration in the value of these types of marquee entitlements,” said Brandon Gayle, the chief operating officer of Spurs Sports & Entertainment, which includes the Spurs, the arena, the Austin Spurs of the NBA G League and the San Antonio FC professional soccer team. “We’re excited to get out into the market and explore finding a new partner.” So far this year, the Spurs have averaged 16,440 fans per home game, or 89.6% of the arena’s capacity, which is 15th in the league. That is down from 100% capacity in the 2019-2020 season. The arena also hosts concerts, family shows and other events. Gayle noted that the team and Legends Global plan on reaching out to companies in the region and highlighting the team’s on-court success and diverse fan base. The Spurs have won five NBA titles since 1999, and Gayle claims 59% of the franchise’s fans are Hispanic, Black or Asian and 43% are female. The franchise is also hoping to benefit from being the only major professional franchise in San Antonio and its proximity to Austin, Texas, which is 80 miles away. In recent years, several major technology companies have opened large offices in Austin, including Amazon.com, Facebook and Google

Global Partnerships Investments

12 Investments

Global Partnerships has made 12 investments. Their latest investment was in Tugende as part of their Series A on October 10, 2020.

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Global Partnerships Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/8/2020

Series A

Tugende

$6.3M

Yes

1

10/1/2020

Series A

Good Nature Agro

$3.28M

Yes

7

9/22/2020

Series E

Greenlight Planet

No

3

7/23/2018

Seed VC

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$99M

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10

12/5/2017

Series D

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$99M

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10

Date

10/8/2020

10/1/2020

9/22/2020

7/23/2018

12/5/2017

Round

Series A

Series A

Series E

Seed VC

Series D

Company

Tugende

Good Nature Agro

Greenlight Planet

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Amount

$6.3M

$3.28M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

1

7

3

10

10

Global Partnerships Fund History

2 Fund Histories

Global Partnerships has 2 funds, including Impact-First Development Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/22/2019

Impact-First Development Fund

$55M

2

8/16/2016

Social Venture Fund

10

Closing Date

10/22/2019

8/16/2016

Fund

Impact-First Development Fund

Social Venture Fund

Fund Type

Status

Amount

$55M

Sources

2

10

Global Partnerships Team

1 Team Member

Global Partnerships has 1 team member, including current Managing Director, Jim Villanueva.

Name

Work History

Title

Status

Jim Villanueva

Managing Director

Current

Name

Jim Villanueva

Work History

Title

Managing Director

Status

Current

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