Tom Barrack Snagged Saudi Money After Trump Transition Meetings - Bloomberg

Tom Barrack Snagged Saudi Money After Trump Transition Meetings - Bloomberg:

Tom Barrack, the investor and longtime friend of President Donald Trump, was an early advocate of strengthening ties between the White House and Saudi Arabia. 


Now his firm, Colony Capital Inc., is doing business with the kingdom’s sovereign wealth fund.

When Colony decided to invest in digital infrastructure such as cellphone towers and data centers after Trump’s election, it brought in the kingdom’s Public Investment Fund, according to people familiar with the matter. Colony worked with another firm, Digital Bridge, to form a $4 billion investment vehicle that closed in June. Since then, Colony has decided to acquire Digital Bridge of Boca Raton, Florida.