The investment capital company created by Jared Kushner, the son-in-law of President Donald Trump, has to participate in Oaknorth, the British lender who has set rapid expansion in the United States.
Sky News has learned that Acinity Partners, which has raised billions of dollars in assets under management, signed an agreement to acquire an 8% stake in Oaknorth.
The agreement is expected to be concluded in the coming weeks, industry sources said on Friday.
Mr. Kushner created Affinity Partners in 2021 after leaving his role as adviser to President Trump during his first mandate at the White House.
He is married to Ivanka, the president’s daughter.
Affinity manages money for a range of investors, including the sovereign funds of Qatar and Saudi Arabia.
The initiates said that Affinity Partners bought Oaknorth participation from an unidentified existing investor in the digital bank.
The evaluation at which the transaction took place was not clear, although Oaknorth was estimated at $ 2.8 billion during its last financing round in 2019.
Oaknorth, founded by Rishi Khosla, aims for substantial growth in loans in the United States in the years to come.
Earlier this year, he agreed to buy Community Unity Bank (CUB), which is based in Birmingham, Michigan, in a sharing agreement.
The transaction awaits regulatory approval.
Oaknorth began lending to the United States in 2023 and has since made around $ 1.3 billion in loans.
The bank is chaired by the former city surveillance president, Lord Turner, and is part of a only digital British banks group which should explore the stock market lists in the coming years.
Monzo, Revolut and Starling Bank are all likely to float by the end of 2028, although London is far from being the destination of all.
Likewise, Oaknorth’s ambition to develop its American presence means that it is probably informed by bankers that New York is a more logical place of registration for the company.
Launched in 2015, the bank is part of a group of lenders founded after the 2008 financial crisis.
Its British customers include F1 Arcade and Ultimate Performance, who both developed on the American market.
Its existing donors include the Japanese giant investor Softbank, GIC, the Singaporean State Fund, and Toscafund, the London -based asset company.
Since its launch, Oaknorth has lent about 12.5 billion pounds Sterling and has had a cutting -edge loan defect ratio.
Last year, he paid just over 30 million pounds sterling to shareholders in his first dividend payment.
Oaknorth increased rapidly, saying this year that he had recorded before taxation of 214.8 million pounds sterling in 2024, against 187.3 million pounds sterling the previous year.
He made more than 2.1 billion pounds sterling of new loans last year.
On Friday, an Oaknorth spokesman refused to comment.