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David ‘Big Papi’ Ortiz Takes a Swing at the Private-Equity Game

Former Red Sox slugger joining firm focused on manufacturing next-generation baseball equipment

By

David “Big Papi” Ortiz is becoming a player in the private-equity game.

In his first major announcement about his retirement plans since wrapping up a triumphant final season with the Boston Red Sox, Mr. Ortiz said he and a star-studded group of former players are launching Dugout Ventures, a private-equity fund that will focus on companies manufacturing the next generation of baseball equipment.

Other investors in the fund...

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