• Greg Norman Starts $75 Million Great White Shark Investment Fund

    The fund will target companies with less than $25 million in revenues that are profitable.

    (March 26, 2015) - Greg Norman is branching out from golf course design and wine to start his own asset-based debt-lending fund with $75 million in capital. Great White Shark Opportunity Fund, LP is part of Norman’s Great White Shark Enterprises, which includes businesses including eyewear, clothing, premium beef, event management, and real-estate development.

    The management team is comprised of the three Managing Directors. Two of the Managing Directors are associated with Mr. Norman’s family office, Great White Shark Enterprises, LLC (Messrs. Greg Norman, Chris Dillavou) and the third Managing Director is David Chessler.

    Chessler, who will serve as the fund’s chief investment officer and managing director, has teamed with Norman on investments in recent years and managed a $100 million portfolio of senior secured loans as managing director of Sarasota, Florida-based DC Leasing, LLC and Jordyn Holdings, LLC.

    Norman’s fund will invest in public and private U.S.-based and foreign businesses. The fund will target companies with less than $25 million in revenues that are profitable, and with a good management track record, investing between $1 million to $10 million, according to the fund’s website.

    Courtesy of Bloomberg