AUSTRALIAN PE FIRM BUYS ESPORTS TEAM LG DIRE WOLVES
This investment is a bit curious though.
LG Dire Wolves aren't that big and tiny compared to the likes of Dignitas (76ers) and Team Liquid (aXiomatic). They currently only have a League of Legends team with some previous experience with Smite.
There's also very little info on Guinevere Capital - the website just has their logo.
Guinevere's Managing Director David Harris has a traditional Sports background in Cricket, Rugby and Football.
My guess as to why LG Dire Wolves? Local and inexpensive.
LG Dire Wolves joins other eSports teams like Immortals and Team EnVyUs with VC/PE investment.