London Park Global LLC (LPG), a private equity firm based in Miami and New York City, has partnered with Kronos Global LLC to form Blackout Technologies in London, England. This new enterprise aims to revolutionize the AI sector, leveraging investments up to $1 billion backed by commercial real estate assets. Blackout Technologies will focus on multiple sectors including medical research, cybersecurity, and consumer brands. Frederic Sealey, LPG’s Chief Strategy Officer, along with Brian Winters and other executives will guide the initiative. Legal advisors Weil, Gotshal & Manges LLP, and Kirkland & Ellis LLP are assisting in personnel selection. By 2025, the company aims to attract major global banks and aims for $10 billion in capitalization by 2026.

Artificial Intelligence, Healthcare, Private Equity,United Kingdom, United States