Architect Capital acquires 16% stake in OnlyFans at $3B valuation

OnlyFans just got its first major outside investor. Architect Capital paid $535 million for a roughly 16% minority stake in Fenix International, the parent company of the platform, valuing the business at $3.15 billion. For a company that generated $7.22 billion in gross revenue in fiscal 2024, that valuation looks almost modest. OnlyFans prints money like few private companies can, yet it trades at a fraction of what comparable revenue machines command in public markets. A deal shaped by death and transition The timing of this transaction is impossible to separate from the personal tragedy behind it. Founder Leonid Radvinsky died in March 2026, and his widow, Yekaterina “Katie” Chudnovsky, now leads the family trust that retains majority control of the company. Fenix International announced the sale on May 8, 2026, just weeks after Radvinsky’s passing. Earlier discussions had reportedly explored a larger stake sale, but investor reservations, likely tied to the platform’s association with adult content, narrowed the deal to this strategic minority arrangement. The investment wasn’t a solo act from Architect Capital. A special-purpose vehicle backed by Australian billionaire James ...