“Last frontiers of alpha is in the sports and entertainment-related real estate,” says Jonathan Fascitelli, founder and CEO of sport and entertainment real estate firm Seregh, on a special edition of Credit Exchange with Lisa Lee, recorded at the FII Institute’s conference in Rome. Just 18 months since founding, Seregh already has more than $35 billion in their pipeline.

Seregh, which has the backing of Creative Arts Agency (CAA), Apollo co-founder Josh Harris, and Blackstone’s David Blitzer among many others, seeks to develop and invest in infrastructures around stadium and arenas. That means building communities that include residential homes, office buildings, restaurants, and more.

Fascitelli, who was formerly the CEO of Harris Blitzer Sports & Entertainment real estate, also talks about FII PRIORITY Europe 2026, of investing in the “collective effervescence” (the shared moment when everyone experiences the same thing at the same time – think recent moments involving the New York Knicks or English Premier League club Arsenal), and how that can combat the rise of AI.