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BlackRock takes $875 million stake in the owner of Sports Illustrated, Nine West, and others

The BlackRock investment group took a $875 million stake in Authentic Brands, the company that owns sports illustrated, juicy couture, nine west and dozens of other big brands.This is the first investment for BlackRock's new private-equity fund, Long Term Private Capital, which was created to diversify away from the group's core ETF business. Yahoo Finance's Dan Roberts, Myles Udland, Emily McCormick, and Ines Ferre discuss.