Endeavor’s CEO Raises Funds; Eyes Frieze, Tennis Tournaments (1)

Hollywood superagent Ari Emanuel is raising money to buy live-entertainment businesses, including potentially some divisions of his own company, according to people with knowledge of the matter.

The chief executive officer of Endeavor Group Holdings Inc. has already raised more than $100 million from backers including alternative asset manager Apollo Global Management Inc., said the people, who asked not to be identified discussing private deliberations. He is looking to raise far more than that. Emanuel declined to comment.

Ari Emanuel

Photographer: Kyle Grillot/Bloomberg

Emanuel, 63, continues to believe in the value of so-called experience businesses, live-entertainment properties like those he had assembled at ...