777 Partners, an alternative investment firm, has filed for bankruptcy after creditors pushed to liquidate the company's remaining assets. The filing comes weeks after the creditors sought to sell off what was left of the firm, which began unloading its holdings more than a year ago.

The company's financial troubles mounted as it struggled to meet obligations, leading to the liquidation push. The bankruptcy filing marks a significant turn for the firm, which had once built a portfolio spanning sports, finance, and aviation.

The process will involve court-supervised asset sales to repay creditors. The case highlights the risks in alternative investing and the rapid decline of a firm that had expanded aggressively.