23 Capital

Founded in 2014 by Jason Traub and Stephen Duval, 23 Capital established itself as a leading financier for the sports, music, and entertainment industries. The company provided innovative and flexible financing solutions, including loans and advances against assets like media rights, player transfer fees, and artist intellectual property. It catered to a high-profile client base of sports leagues, teams, governing bodies, top-tier artists, and entertainment rights holders. In 2020, following a strategic shift, the business was largely wound down, with its loan book sold and its management team rebranding and launching a new venture named Fiume Capital.