BlackRock becomes Authentic Brands' largest shareholder with $875 million stake

August 11, 2019 by  
Filed under News

BlackRock Inc’s new private equity fund Long Term Private Capital (LTPC) has completed its maiden investment, taking up an $875 million stake in Authentic Brands Group LLC, making it the largest investor in the U.S.-based entertainment company, the fund said on Sunday.

Source: Reuters Business News

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