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McCourt Global
McCourt Global is a diversified investment firm with interests in real estate, finance, sports, and media. The firm has made three investments.
McCourt Global
McCourt Global is a diversified investment firm with interests in real estate, finance, sports, and media. The firm has made three investments. Its most recent investment was in MeWe as part of their Series B funding on October 9, 2024.
General information
Firm type
Single Family Office
Year founded
2010
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Frank McCourt
Founder and Chairman
Sector focus
Frequently asked questions
Who controls investment decisions at McCourt Global?
Frank McCourt has final authority over all major investment decisions, a structure consistent with the office's origin as a single-family vehicle. Day-to-day deal sourcing and due diligence is managed by a small internal team based in New York. The office has not publicly identified a CIO or disclosed a formal investment committee structure.
What is Project Liberty and how does it relate to the family office?
Project Liberty is an initiative founded by Frank McCourt in 2021 with a $500 million commitment to build the Decentralized Social Networking Protocol (DSNP). It operates as a distinct entity but is funded by McCourt Global and closely aligned with the family's investment thesis around data sovereignty. In 2024, Project Liberty took a public role in attempting to acquire TikTok's US operations.
How did the McCourt family generate its wealth?
The family wealth was built by Frank McCourt's grandfather, who founded the McCourt construction company in Boston in 1893, and expanded through large-scale infrastructure projects. Frank McCourt later purchased the Los Angeles Dodgers in 2004 and sold the team in 2012 for $2.15 billion, which was at the time the highest price ever paid for a professional sports franchise.
Does McCourt Global take outside capital or function as a multi-family office?
No. McCourt Global operates strictly as a single-family office and does not manage external capital. It is not structured as a registered investment advisor, and there is no indication of a multi-family office service offering or a fundraising vehicle for third-party investors.
What is McCourt Global's real estate investment strategy?
Real estate remains a core legacy allocation for the office, with a historical focus on commercial and residential properties in gateway cities including New York and London. The strategy reflects the family's multi-generational infrastructure and construction background. Specific current holdings and the total net asset value of the real estate portfolio are not publicly disclosed.
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