Billionaire Mark Walter, owner of the Los Angeles Lakers, is in talks with investors to raise money to help pay down loans on the books of his insurers that had drawn scrutiny from the Justice Department, according to people familiar with the matter. Walter’s firm, TWG Global, has approached multiple investment firms, including Steve Cohen’s Point72 Asset Management, about a range of deals to raise cash, said the people, who asked not to be identified describing private discussions. The firm has been working on plans to address concerns about the outsized loans Walter’s insurers have made to other parts of his investment empire, and those efforts have ramped up in recent days, said some of the people.

The billionaire's search for funding highlights the financial pressures facing one of the most prominent figures in sports, as a probe into his insurance lending practices continues. The article, published by Bloomberg Markets on August 12, 2026, details the ongoing situation. Walter’s insurers had extended loans to other Walter-owned entities, drawing the attention of federal investigators.