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Investing.com -- Affinity Partners, the private equity firm founded by Jared Kushner, is purchasing an 8% stake in British digital lender OakNorth, which is planning rapid expansion in the United States.
The deal between Kushner’s firm and OakNorth is expected to be finalized in the coming weeks, according to Sky News, citing industry sources on Friday.
Kushner, who is married to Ivanka Trump, daughter of President Donald Trump, established Affinity Partners in 2021 after concluding his role as an adviser during President Trump’s first term in the White House.
Since its founding, Affinity Partners has accumulated billions of dollars in assets under management.
OakNorth, a digital lender based in the United Kingdom, has targeted significant growth in the American market.
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