Silver Lake, Blackstone, Fidelity Investments, Neuberger Berman, Thrive Capital and Major League Baseball led a $320m funding round in Fanatics.

Silver Lake, Blackstone, Fidelity Investments, Neuberger Berman, Thrive Capital and Major League Baseball led a $320m funding round in Fanatics, a licensed sports merchandise retailer. The new funds will be used to expand the company’s model to design and distribute exclusive licensed merchandise. It also plans on international expansion and to pursue mergers and acquisitions.