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BlackSun Raises $1 Billion for New Sports and Media Fund

Private Markets & VentureM&A & RestructuringMedia & EntertainmentTechnology & Innovation

BlackSun raised $1.0B for its inaugural private equity vehicle, Mega Fund I, with a stated target of $7B. The fund plans to deploy capital across sports, media/entertainment, and technology, which is a positive fundraising development but unlikely to move public markets materially.

Analysis

BlackSun raised $1.0B for its inaugural private equity vehicle, Mega Fund I, with a stated target of $7B. The fund plans to deploy capital across sports, media/entertainment, and technology, which is a positive fundraising development but unlikely to move public markets materially.

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