Koch Industries Accelerates Shift to Tech and Loads Up on SPACs
- Its Spring Creek Capital discloses $2.3 billion of investments
- Ciena Corp., software maker C3.ai are among its biggest bets
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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.