777 Partners
Operates as a controlling investment and private equity firm.
777 Partners is a private investment firm based in Miami, founded in 2015 by Steven W. Pasko and Josh Wander. The firm operates across a diverse range of high-growth sectors, including insurance, aviation, sports and media, and fintech. Its business model centers on originating and underwriting attractive, risk-adjusted credit opportunities, often in markets underserved by traditional capital sources. A significant portion of its strategy involves providing a range of lending and financing services, including litigation finance and direct lending. The firm also makes private equity investments, acquiring and managing a portfolio of operating companies.
The firm's founders, Josh Wander and Steven Pasko, both have backgrounds that trace back to SuttonPark Capital and a prior entity, Sutton Funding. Their experience is rooted in structured settlements and specialty finance. This background in sourcing and managing complex, long-term cash flows informs 777 Partners' approach to its investments. The firm's expansion into sports has been particularly notable, involving investments in a multi-club portfolio that includes stakes in football clubs like Genoa C.F.C. in Italy, Standard Liège in Belgium, and Vasco da Gama in Brazil. This multi-club ownership model aims to create synergies in player development, scouting, and commercial operations across its portfolio.
777 Partners targets businesses with strong market positions and the potential for long-term growth. Its aviation investments include a significant stake in the Canadian low-cost carrier Flair Airlines and a substantial order book for Boeing 737 MAX aircraft, indicating a strategy focused on the budget travel market. The insurance arm, 777 Re., is a key component of its structure, providing reinsurance and investment management services. However, the firm has faced public scrutiny and legal challenges related to its business practices, including allegations of unpaid debts and questions regarding the financial stability of its various enterprises. These challenges have impacted its operations, notably leading to the termination of its agreement to acquire Everton F.C. and the entry of its Australian airline, Bonza, into voluntary administration.
Keywords: private investment, specialty finance, multi-club ownership, aviation leasing, direct lending, insurance, fintech, litigation finance, private equity, asset management