Sard Verbinnen & Co. handled the creation of a $100M fund by Warner Music Group and the Blavatnik Family Foundation to promote music business-related charities that work for social justice and campaigns against violence and racism.

Warner Music Group, which was owned by American-British industrialist Len Blavatnik's Access Industries, completed a $12.8B initial public offering this week.

Delayed a day to show solidarity with the Black Lives Matter movement following the murder of George Floyd by a Minneapolis policeman, the IPO ranks as the biggest of the year.

WMG and the BFF will form an advisory panel to determine recipients of funding dedicated to strengthening education and promoting equality, opportunity, diversity and inclusion.