UPDATE 1-BlackRock becomes Authentic Brands’ largest shareholder with $875 million stake
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.
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.
Posted by Reuters