Ahead of the new F1 season, Alfa Romeo unveiled a new partnership with Z Capital Group, L.L.C. , a leading private markets asset manager, for the 2022 Formula One championship.
The deal will see ZCG join the team as it tackles the new era of the sport, with growing audiences following the drama unfolding on and off the track.
A leading, privately held, New York-based investment firm with approximately $5.0 billion of assets under management across complementary private equity and credit businesses, ZCG has industry-leading track records in private equity and credit for over twenty-five years. ZCG's investors are some of the largest and most sophisticated global institutional investors including pension funds, endowments, foundations, sovereign wealth funds, central banks, and insurance companies.
ZCG branding will be featured on the team’s C42 car, as well as on the drivers’ suits and other team assets.
Commenting on the announcement, Team Principal Frédéric Vasseur added: “ZCG is a very valuable addition to our portfolio of partners and we’re excited about working with them this season. They share a culture of excellence with us and they are committed to bringing our sport and our team to a new audience. We really appreciate their commitment and we can’t wait to have them with us this season.”
James Zenni, Founder, President and Chief Executive Officer of ZCG, said: “We are proud to partner with one of the world’s most recognizable racing brands and bring ZCG to the global – and rapidly growing – Formula One audience. We look forward to expanding our relationship.”