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Firm bids to save LIV Golf
BC Partners is seeking to buy a loan worth nearly $50 million that Saudi Arabia’s Public Investment Fund (PIF) made to LIV Golf, which is undergoing bankruptcy-protection proceedings—a move that could give the firm influence over the league’s restructuring. The PIF had invested more than $5 billion in the venture before halting its funding after the 2026 season, and provided $49.6 million in initial financing during the bankruptcy proceedings. The firm’s proposal to launch a new version of the tournament in 2027, with investments of up to $300 million, stalled amid disagreements with players, and no final agreement has been reached to ensure the venture’s continuation.
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