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US hedge fund D1 joins TransferWise’s $5bn fan club

US hedge fund D1 joins TransferWise’s $5bn fan club
Monday 13
23:50 2020

An American hedge fund which has placed substantial bets on some of the world's biggest technology companies is taking a stake in TransferWise, the British fintech champion which has just hit a $5bn (£4bn) valuation. Sky News has learnt that D1 Capital Partners, which was set up two years ago by Daniel Sundheim, a prominent Wall Street investor, has agreed to buy roughly $200m worth of TransferWise shares as part of a secondary share sale that was signed last week. The purchase will give D1, which has previously disclosed stakes in Amazon, Facebook and Netflix, a roughly 4% shareholding in ...

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Read more from Sky News : US hedge fund D1 joins TransferWise’s $5bn fan club
Sky News : US hedge fund D1 joins TransferWise’s $5bn fan club

Summary: An American hedge fund which has placed substantial bets on some of the world's biggest technology companies is taking a stake in TransferWise, the British fintech champion which has just hit a $5bn (£4bn) valuation.

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