NEW YORK -- U.S. pensions, university endowments, and other institutional investors have more than $9 billion invested in private equity and venture capital funds that may have exposure to TikTok's Chinese parent company ByteDance, a new report finds, amid a government push force the divestiture of the social media app to an American owner, or face a ban.
Those billions could be thrown in limbo and "tied to the resultant outcome" of a battle between ByteDance and the U.S. government over national security and privacy concerns for the short-video platform's 170 million American users, according to a Future Union report published Wednesday.
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