Dyal HomeCourt Partners has purchased a nearly 6% stake in the Hawks, the "third NBA team the fund has invested in since last summer," according to Donnell Suggs of the ATLANTA BUSINESS CHRONICLE. The move comes as the value of the Hawks "has soared" to $1.6B, "more than double what owner Tony Ressler paid for the franchise almost seven years ago." What Dyal HomeCourt paid for a minority stake in the Hawks was not disclosed. The sellers were "nine unidentified existing Hawks minority stakeholders." Moelis & Co. LLC, an N.Y.-based investment bank, served as financial advisor for the sellers. Last year, Dyal acquired a nearly 5% equity stake in the Suns and a similar stake in the Kings (BIZJOURNALS.com, 1/4). Ressler was not a participant in the sale and will maintain his majority stake in the franchise. HomeCourt is managed by Dyal Capital, a division of asset manager Blue Owl. Meanwhile, the Dyal investment is just the latest across the NBA, as Arctos Sports Partners last month reportedly increased its stake in the Warriors to 13% from 5% (SBJ).