Koch Industries is best known for refineries, chemicals and the politics of its billionaire leader, Charles Koch.
But the sprawling conglomerate, with about $115 billion of revenues, is also a huge investor in technology and growth equity as it looks to harness a knowledge-based future and avoid becoming a relic of the industrial past, Bloomberg reports.
Spring Creek Capital has emerged as a significant player in the SPAC frenzy, investing in more than 250 special purpose acquisition companies sponsored by firms including Apollo Global Management Inc., Fortress Investment Group and TPG. The portfolio included more than $750 million of SPAC-related investments at the end of March. Read more.
