All-time Saints Wide Receiver Marques Colston is targeting a $100 million raise for his new sports tech fund Champion Venture Partners. CVP has a unique fund structure; they invest in cash flowing companies and their investors have the typical carry + upside you’d see in a traditional venture fund. However, since CVP offers a special operational consulting component to its portfolio companies, they issue profit sharing dividends to their LP base.

That’s a fancy way of saying investors are getting their money back faster because CVP is making money quicker from the companies they are investing in. Marques is onto something here…