Scaramucci's Skybridge Capital Said to be For Sale

Dec 12 2016 | 6:56pm ET

Anthony Scaramucci’s alternative investment management firm Skybridge Capital is reportedly for sale.

Scaramucci was a major supporter of President-elect Donald Trump and has been involved with the transition team’s executive committee. News that Skybridge was potentially on the block was first reported by PE Hub, citing several unidentified private equity sources.

The news suggests Scaramucci may be headed for a position in Trump’s incoming administration. He has repeatedly been mentioned as a candidate for a potential top Cabinet post, although specifics about which role he may fulfill have been hard to come by. In a media interview after the election, Scaramucci indicated he was not interested in becoming chair of the SEC, a position being vacated by outgoing SEC chief Mary Jo White. 

Were he to join Trump’s administration, Scaramucci would join Steve Mnunchin, Gary Cohn and Steve Bannon as current or former Goldman Sachs executives asked to come aboard Trump’s team.

When contacted by FINalternatives on Monday afternoon, Scaramucci declined to comment. 

Scaramucci founded Skybridge in 2005. The company specializes in funds of hedge funds products, custom separate account portfolios, hedge fund advisory services and a long-only mutual fund. It managed or advised on approximately $11.8 billion as of October 31, 2016.

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