BlackRock invested $875m in Authentic Brands Group.

BlackRock invested $875m in Authentic Brands Group, owner of a portfolio of iconic and world-renowned brands. BlackRock-backed fund Long Term Private Capital will become the largest investor in ABG and will work closely alongside its management. “The strategic investment by LTPC is a testament to the success we have had building a leading platform for the ownership and development of brand and media content,” said Jamie Salter, Chairman and CEO at ABG. “We believe BlackRock’s scale, global footprint and digital capabilities will enable us to build out our organization and continue our domestic and international growth trajectory. This investment marks an important and exciting next phase of expansion for ABG.”