Exclusive | Jared Kushner eyes Apollo, KKR to join – Business News
Donald Trump’s Ukraine envoy, Jared Kushner, has approached Marc Rowan’s Apollo Global Management and Henry Kravis’s KKR to help with post-war reconstruction in Ukraine, The Post has realized.
Sources accustomed to the matter mentioned Kushner, President Trump’s son-in-law who has no formal function within the administration, was in New York City on Wednesday for exploratory discussions with the highest asset managers in Manhattan’s swanky Hudson Yards development.
Insiders mentioned the 44-year-old held conferences on the places of work of each financial giants on how to rebuild the war-torn nation.
The talks, that are nonetheless at a very early stage and will not come to fruition, got here on the identical day that he took half in a call with Larry Fink of BlackRock, the world’s greatest money supervisor, Special Envoy Steve Witkoff, and Treasury Secretary Scott Bessent, in addition to Ukrainian President Volodymyr Zelensky.
The names of the VIP contributors had been launched in a assertion by Ukraine’s presidential workplace that night.
Reps for BlackRock, KKR, Affinity Partners, the Treasury Department, and President Zelensky didn’t return The Post’s requests for remark.
A spokesman for Apollo declined to remark.
Ukrainian troopers of the 66th Brigade attend a coaching fight train within the Donetsk area, Ukraine, in September. AP
BlackRock CEO Larry Fink halted his firm’s own multi-billion-dollar Ukraine Development Fund in July amid uncertainty over how President Trump would attempt to finish the struggle.
But he’s set to revive the concept, which might additionally embody involvement from the World Bank, that aimed to drum up some $400 billion in contemporary investment.
“This is not a huge money maker for whoever does it. They are not going to charge incentive fees. It’s a public service,” one individual briefed on the scenario added.
“But you are going to ingratiate yourself with the president and Mr Kushner,” the source added. “They are going to f–k the Europeans.”
Indeed, the transfer may raise fears amongst Ukraine’s allies in Europe that they are going to be cut out of any profitable contracts to rebuild the war-torn nation.
Larry Fink, chairman and CEO of BlackRock, attends the Global Financial Leaders’ Investment Summit in Hong Kong final month. REUTERS
The Trump administration, through the US International Development Finance Corporation (DFC), in September pledged $75 million in equity supposed to jumpstart the fund’s investment in important minerals, hydrocarbons, protection, and associated infrastructure in Ukraine.
That investment is set to be matched by Kyiv to convey it to an initial mixed complete of $150 million, however DFC burdened that a lot of the work could be finished by “aligned private sector partners.”
Ukrainian authorities officers, together with Prime Minister Yulia Svyrydenko, are set to maintain what one source described as “marathon talks” in regards to the US-backed peace proposal this weekend.
They may even concentrate on how to rebuild the nation that has been subjected to a brutal four-year attempt to wipe Ukraine off the map by Russian invaders.
Ukrainian President Volodymyr Zelensky speaks during a press convention following talks at Mariyinsky Palace in Kyiv on Sept. 11, 2025, amid the Russian invasion in Ukraine. AFP through Getty Images
Kushner, who just isn’t formally half of the administration, has emerged as a central determine within the course of of negotiating a peace settlement between Ukraine and Russia.
Alongside Trump envoy Steve Witkoff, he attended 5 hours of Kremlin talks final week with Russian President Vladimir Putin after which later discussions with a Ukrainian delegation in Florida.
Kushner, married to the president’s daughter, Ivanka Trump, beforehand performed a main function in negotiating a ceasefire settlement in Gaza between Israel and Hamas and has additionally put ahead proposals for reconstruction in Gaza.
A key level in plans for the reconstruction of Ukraine has been the institution of an investment fund for sectors together with uncommon metals – sought by the United States, with Svyrydenko enjoying a key function in setting it up.
Kyiv despatched its own revised draft of the now 20-point plan to the White House on Wednesday, in accordance to German Chancellor Friedrich Merz.
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It reportedly consists of the creation of a demilitarized zone alongside the road of contact, security ensures for Ukraine in keeping with NATO’s Article 5, and membership for Ukraine within the European Union by 2027.
It removes language barring Ukraine from ever becoming a member of NATO, however doesn’t point out if the nation will ever join the army alliance — a key Kremlin speaking level.
