Pyne makes three more hires at Bruin Sports Capital

Bruin Sports Capital, the investment vehicle put together by former IMG executive George Pyne, has announced three further hires.

Jeffrey Roth, who has most recently worked at Allen & Company, has been named a vice president and principal. Vincent Sarafa, a former Deloitte associate, joins the organisation as an associate, while Eva Hoffman, who previously worked for Pyne at Nascar, will be Bruin's director of corporate development and planning.

Pyne, who has raised US$250 million in an equity round over the past few months, has also announced that Bruin Sports Capital will open an office at the Ritz Carlton Towers in White Plain, New York, this June.

Pyne, who explains the rationale behind Bruin Sports Capital in a major interview in the April edition of SportsPro, has already hired two former IMG colleagues for his new venture. Tony Crispino will be chief operating officer, while David Abrutyn has been named an executive vice president and a principal.

Last week, Cleveland Cavaliers owner Dan Gilbert revealed he was amongst the "seven or eight" investors in Bruin Sports Capital. Advertising giant WPP is the only other investor to be made public thus far.