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

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BlackRock becomes Authentic Brands' largest shareholder with $875 million stake
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BlackRock Inc's new private equity fund Long Term Private Capital (LTPC) ha...

FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo

“The fund itself put $625 million and we have another $250 million that is coming from related entities and co-investors,” André Bourbonnais, head of BlackRock’s Long Term Private Capital, told Reuters.

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