OnlyFans Targets $3.1 Billion Valuation With Architect Capital And James Packer Stake Deal After Owner Radvinsky's Death

OnlyFans is in advanced discussions to bring in outside capital for the first time since its explosive growth, with San Francisco-based Architect Capital preparing to acquire a minority stake in the adult content platform at a $3.1 billion valuation. The proposed deal, reported by the Financial Times, comes just weeks after the death of owner Leonid Radvinsky, who built OnlyFans into one of the most profitable and controversial platforms in the creator economy.

Architect Capital is expected to secure a 15% stake, with Australian billionaire James Packer—formerly head of the Packer family's media and casino empire—among the investors backing the transaction. The structure would leave controlling interest with the family trust overseen by Katie Chudnovsky, Radvinsky's widow. Radvinsky died in March at 43 following a years-long battle with cancer. He acquired OnlyFans in 2018 through Fenix International, transforming it from a niche platform into a dominant force in subscription-based adult content.

The potential transaction signals a shift for a company that has largely avoided traditional venture and private equity capital, instead generating substantial cash flow from its creator-driven model. For Architect Capital and Packer, the deal represents an entry into a high-margin platform that has faced regulatory scrutiny and reputational risk but continues to attract top creators and generate significant revenue. The involvement of established outside investors could reshape perceptions of OnlyFans within mainstream finance, even as questions remain about the platform's long-term governance under the family trust and its ability to navigate an increasingly complex regulatory landscape.