The married couple announced the launch of Dolan Family Ventures, focused on investments in data, analytics and technology-based businesses. European telecom conglomerate Altice Group last year acquired Cablevision for $17.7 billion, and both Dolans — along with the rest of Cablevision’s management team — exited the New York-area cable operator.
Dolan Family Ventures will be led by Kristin Dolan, formerly COO of Cablevision, as managing partner. James Dolan, previously Cablevision’s CEO, is an investor in DFV and a strategic adviser. The new company did not disclose the size of its fund.
“DFV will allow us to pursue opportunities with companies and talent that can benefit from our capital, insights, relationships, entrepreneurial experience and operational skills to accelerate their growth, development and success,” Kristin Dolan said in a statement.
Investment banking firm PJT Partners is providing consulting services to Dolan Family Ventures. PJT was one of the financial advisers to Cablevision in its sale to Altice.
James Dolan owns the New York Knicks and New York Rangers, and executive chairman of the Madison Square Garden Co. In addition, he is executive chairman of MSG Networks, which became a standalone company following the 2015 spin-off of the Madison Square Garden Co. and serves on the board of directors for MSG, MSG Networks and AMC Networks.