$700M investment led by D.C. firm makes MLB, NFL, NBA minority owners in New Era Cap

It’s truly a new era for one of Buffalo, New York’s most prominent companies. New Era Cap received $700 million in funding from private equity investors, led by a D.C. firm, that will be used to fuel the company’s growth moving forward. Plus, Major League Baseball, the National Football League and the National Basketball Association will become minority owners.