Investing

Joe Tsai’s Family Office Sells US Stocks in Private Markets Push

Blue Pool Capital has cut all its holdings of publicly traded shares except Blue Owl, focusing instead on unlisted startups.

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By Benjamin Stupples

September 7, 2022 at 1:47 PM UTC

This article is for subscribers only.

The investment firm that manages part of Alibaba Group Holding Ltd. co-founder Joe Tsai’s fortune is on a rapid retreat from US stocks as it increasingly focuses on private markets.

Blue Pool Capital has ditched holdings in more than 30 US-listed companies — mostly in the tech sector — since the start of last year. Those include Alphabet Inc., Microsoft Corp. and Twitter Inc., regulatory filings show.