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Zelenskiy presses case for more help with US hedge fund, tech titans - sources

Reported by Reuters
Sep 20, 2023· 2 min read
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Key Takeaways
  • • Ukrainian President Volodymyr Zelenskiy convened a private meeting in New York on September 20, 2023, with prominent U.S. billionaires and institutional investors to solicit financial support for Ukraine 19 months into Russia's invasion.
  • • JPMorgan Chase organized the meeting, which included hedge fund managers Ken Griffin and Bill Ackman, Blackstone president Jonathan Gray, and other high-net-worth individuals spanning finance, technology, real estate, and philanthropy.
  • • The gathering occurred hours after Zelenskiy addressed the United Nations Security Council on Russia's invasion and its geopolitical consequences, positioning the investor meeting as a direct follow-up to diplomatic engagement.
  • • Attendees encompassed a cross-section of institutional capital sources, including bankers, philanthropists, and former U.S. government officials, signaling a coordinated strategy to mobilize private-sector investment alongside public diplomatic channels.
Summary
Ukrainian President Volodymyr Zelenskiy held a closed-door meeting with some of America's most prominent billionaire investors and financial leaders on September 20, 2023, in New York to advance Ukraine's case for increased financial assistance. The meeting, organized by JPMorgan Chase, brought together a selective group of hedge fund managers, real estate investors, philanthropists, and former U.S. government officials to discuss investment opportunities and financial support mechanisms for Ukraine as the country enters its second year of Russian military invasion.

The attendee roster reflected the breadth of institutional capital available for mobilization. Confirmed participants included hedge fund luminaries Ken Griffin and Bill Ackman, alongside Jonathan Gray, president of Blackstone Group—all three individuals who maintain close advisory relationships with central banks and policy makers on geopolitical matters. The group also included Robert Kraft, chief executive of the New England Patriots, former U.S. Secretary of State Henry Kissinger, and former Google executives, representing a convergence of finance, technology, sports, and foreign policy expertise.

The timing of the meeting underscored a coordinated diplomatic strategy. The investor gathering took place hours after Zelenskiy addressed the United Nations Security Council to discuss Russia's invasion and its broader consequences. This sequential approach—pairing high-level multilateral diplomacy with targeted engagement of private capital holders—suggests an effort to translate geopolitical messaging into tangible financial commitments from the institutional investment community.

The meeting reflected a broader trend of leveraging alternative asset managers and billionaire investors as channels for both capital mobilization and policy influence. By convening this select group, Zelenskiy and JPMorgan Chase signaled confidence that private institutional capital—rather than public aid alone—would play an essential role in Ukraine's financial reconstruction and ongoing war effort.

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Sources

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Reuters Zelenskiy presses case for more help with US hedge fund, tech titans - sources