Exclusive | NYC financial giants in talks to – Business News
Larry Fink’s BlackRock, Marc Rowan’s Apollo Global Management, and Henry Kravis’s KKR are in talks to handle a US investment fund to bankroll postwar reconstruction in Ukraine, The Post has discovered.
Sources accustomed to the matter stated Jared Kushner, President Trump’s son-in-law, was in New York City on Wednesday for exploratory discussions with the highest asset managers in Manhattan’s swanky Hudson Yards development.
“Kushner is looking for a US-based asset manager who will administer and officiate over the Ukraine reconstruction fund,” stated one insider.
Ukrainian troopers of the 66th Brigade attend a coaching fight train in 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 strive to finish the battle.
Fink and Kushner, who runs the Saudi-backed Affinity Partners fund, took half in a call with Treasury Secretary Scott Bessent and Ukrainian President Volodymyr Zelensky yesterday.
“BlackRock is considered the most neutral. If you look in the past — which firm the government has been the most comfortable with — it was BlackRock. They are the clear frontrunners,” one source stated.
“This is not a huge money maker for whoever does it. They are not going to charge incentive fees. It’s a public service,” the individual briefed on the scenario added.
“You are going to ingratiate yourself with the president and Mr Kushner. Anyone who gets this mandate is going to be considered No. 1 with this administration — and they are going to f–k the Europeans.”
Indeed, the transfer might 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 meant 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 deliver it to an initial mixed whole of $150 million, however DFC burdened that a lot of the work could be accomplished by “aligned private sector partners.”
The talks come as 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.
They may also 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 will not be formally half of the administration, has emerged as a central determine in the method 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.
The 44-year-old, 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 taking part in 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 contains the creation of a demilitarized zone alongside the road of contact, security ensures for Ukraine in line with NATO’s Article 5, and membership for Ukraine in 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 be a part of the army alliance – a key Kremlin speaking level.
