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LOS ANGELES, March 21, 2023--MACRO, the multi-platform media company, founded by Charles D. King, today announced the completion of an over $90 million minority investment led by BlackRock Alternatives, through the BlackRock Impact Opportunities Fund and funds and accounts managed by BlackRock. HarbourView Equity Partners and funds managed by Goldman Sachs Asset Management also participated in the round, joining the list of MACRO’s investors that also includes Emerson Collective, AMC Networks, E
During the financial crisis, BlackRock bought Barclays’s investment arm BGI in 2009 for $15.2bn, a transformational deal that made it the world’s biggest asset manager with $2.7tn of assets. It spied a similar opportunity in Credit Suisse’s troubles. In addition to the BGI acquisition there was also the purchase of Merrill Lynch Investment Managers in 2006.