# P38 Enterprises

P38 Enterprises is a RIA based in United States.

## Overview

- **Organization type:** RIA
- **Headquarters:** United States
- **Region:** North America
- **Assets under management:** Undisclosed

## Regulatory record

- **CRD number:** 135325
- **SEC file number:** 801-69971
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/135325

## About

P38 ENTERPRISES, INC. is an SEC-registered investment adviser with $96 million in regulatory assets under management. The firm has 1 employee and 1 investment adviser. It operates with a single investment team.

## Sectors

- Sports & Entertainment
- Credit & Distressed

## People

- Marc Lasry — Principal

## Questions

### Who runs investment decisions at P38 Enterprises?

Marc Lasry is the principal decision-maker. The office is closely held and does not publicly list a formal investment committee. Lasry's deal-making track record from Avenue Capital Group — investing in distressed debt and special situations since 1995 — and his personal relationships with other sports-franchise owners and co-investors inform the office's concentrated bets. Operational management is handled by a small, undisclosed internal team.

### What was P38's involvement with the Milwaukee Bucks?

In 2014, Marc Lasry and co-investor Jamie Dinan led a group that purchased the Milwaukee Bucks from Herb Kohl for $550 million. Lasry's stake was held through P38 Enterprises and represented his personal commitment to the franchise. Over the next nine years the team won the 2021 NBA championship, and in April 2023 Lasry sold his approximately 25% interest to the Haslam Sports Group at a reported $3.5 billion total franchise valuation, marking one of the most prominent family-office sports exits.

### Who are the likely co-investors alongside P38?

During the Bucks ownership period, Lasry co-invested with private-equity investor Jamie Dinan and a small syndicate of Milwaukee-based limited partners. Post-Bucks, the office's co-investor relationships have not been publicly disclosed. Lasry's deep network across hedge-fund founders, sports-franchise owners, and Democratic donor circles provides a proprietary sourcing channel for future control-stake or club-deal opportunities.

## Related profiles

- [Qualified Plan Advisory](https://altss.com/profile/qualified-plan-advisory-llc)

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Last updated: 2026-07-06T01:24:22.780Z

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