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

August 5, 2022

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.

Article Source: Washington Post

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