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Investing.com -- Jared Kushner’s private equity firm Affinity Partners is reportedly set to acquire an 8% stake in British digital lender OakNorth, as the bank targets rapid expansion in the United States.
The deal, which is expected to be finalized in the coming weeks, involves Affinity Partners purchasing the shareholding from an unidentified existing investor, Sky News reported on Friday, citing industry sources.
The financial terms of the transaction were not disclosed.
Kushner, who is married to Ivanka Trump and served as an adviser during Donald Trump’s first presidential term, founded Affinity Partners in 2021 after leaving his White House role.
OakNorth, a digital bank based in the United Kingdom, has been focusing on expanding its operations in the U.S. market.
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