Announcing Formation of UK Based Blackout Technologies, Led by (CSO) Frederic Sealey

MANHATTAN, N.Y. - May 31, 2024 - PRLog -- London Park Global LLC (LPG), a distinguished private equity firm headquartered in Miami and New York City, is thrilled to announce the establishment of a pioneering electric AI high-growth fund/private equity vehicle in partnership with Kronos Global LLC. This strategic alliance, meticulously negotiated and advised by Frederic Sealey, Chief Strategy Officer for LPG Strategies, is poised to transform the artificial intelligence (AI) landscape.

Blackout Technologies, the newly formed entity, will be headquartered in London, England, with its US operations based in Miami, FL. This partnership marks a significant milestone in the growth of venture capital within the AI sector. The collaboration, set to be formalized by July 1, 2024, boasts an investment potential ranging from $500 million up toward $1 billion USD, fully backed by both domestic and international commercial real estate assets. Blackout Technologies aims to lead advancements in AI, with a focus on consumer brands, education, financial services, and medical research, etc..

A primary mission of Blackout Technologies is to leverage AI in medical research, targeting debilitating diseases such as Alzheimer's, cancer, and heart disease. Additionally, the partnership will explore AI applications in counter-terrorism, cybersecurity, and governmental defense, underscoring its versatility and extensive impact.

To foster growth and innovation, Blackout Technologies is launching an open fund inviting high-net-worth individuals, family offices, private equity firms, and sovereign wealth funds. This strategic initiative aims to support start-ups and mid-stage growth, creating a robust ecosystem for AI-driven advancements. Blackout Technologies has already engaged in discussions with leading law firms, including Weil, Gotshal & Manges LLP and Kirkland & Ellis LLP, to assist in personnel selection and target opportunities.