Sunrise Padel Capital closes first fund and launches second with $50m target

Sunrise Padel Capital, an American investment firm set up to scale padel through real estate and operating investments, has announced the successful closing of its first fund, with deployments into nine clubs across the US.

The Miami-based company said the Sunrise Padel Capital Fund I served as a proof of concept, backing “high-potential” operators and real estate acquisitions in cities including Chicago, Los Angeles, Miami, Houston and Denver.

“Several of these investments included equity participation in both the operating company and the underlying real estate, positioning the fund for long-term value creation,” it said.

Sunrise Padel Capital investments include The Pad Tucson, Racket Social Club in Denver and Houston, and Union Padel Club in Chicago.

The firm has also officially launched its second fund, a dual-structure vehicle designed to invest in both real estate and operating companies, targeting a combined $50 million in capital commitments.

Sunrise Padel Capital Fund II consists of two complementary strategies:

• PropCo Fund ($25 million target): Focused on acquiring and developing padel-specific real estate to be leased to premium operators, delivering stable cash flow and long-term asset appreciation.
  

• Growth Fund ($25 million target): Investing in operating companies, strategic partnerships, and ecosystem players across technology, hospitality, and professionalisation.

Diego Campos, managing partner at Sunrise Padel Capital, said: “Our vision is to be the leading capital partner behind the sport’s rapid growth in the US. Fund II allows us to double down on what’s working — backing top-tier founders and acquiring high-potential real estate — while scaling the infrastructure that padel needs to thrive.”

The firm also announced a new strategic partnership with a US-based family office with over $2 billion in real estate AUM (assets under management) to co-invest in select PropCo transactions, “enhancing deal flow and execution capacity”.

The company said: “With a growing pipeline of opportunities and multiple clubs opening in the next six to eight months, Sunrise Padel Capital continues to shape the future of padel in North America.”

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