As an example, it’s extremely common for financial companies of all sorts to create a company to hold an asset or group of assets. This can be done for all mann

As an example, it’s extremely common for financial companies of all sorts to create a company to hold an asset or group of assets. This can be done for all manner of reasons, including difference in beneficial ownership. A VC fund, PE fund, etc will often have a “manager” (the possibly big-name company that operates it) and a bunch of limited partners for that specific fund. If you own a piece of a BlackRock fund, for example, you don’t own BlackRock itself. And the corporate structure reflects this.