Mastercard Foundation Enters Secondary Market With Mega PE Deal
- Its new asset-management arm is acquiring interests from Kodak
- Mastercard stock soared since IPO, swelling foundation coffers
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One of the biggest purchases this year in the private equity secondaries market marks the arrival of a major new institutional investor.
For almost 20 years, the Mastercard Foundation has been one of the world’s most successful investors, based on holding just one stock: Mastercard Inc. Now it has a new mandate to pare that stake, valued at roughly $50 billion, and diversify into a range of assets.