Joe Tsai’s Family Office Sells US Stocks in Private Markets Push

The investment firm that manages part of Alibaba Group Holding Ltd. co-founder Joe Tsai’s fortune is on a rapid retreat from US stocks as it increasingly focuses on private markets.

Blue Pool Capital has ditched holdings in more than 30 US-listed companies — mostly in the tech sector — since the start of last year. Those include Alphabet Inc., Microsoft Corp. and Twitter Inc., regulatory filings show.

The only US stock it owned as of the end of June was asset manager Blue Owl Capital Inc., though it has since trimmed its stake to 9.8%, with more than a dozen ...