BlackRock invests in Alignment Artist Capital

BlackRock Inc. is providing funding to Alignment Artist Capital, a new financial firm formed by Howard Lipson and James Diener. Financial terms weren’t announced. Alignment aims to provide financing options to established artists with investments ranging from $5 million to $20 million per deal. Diener is the former CEO/President of Octone Records. Lipson, a former Blackstone Group partner, was an MD of The Pilot Group.

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