One of the main backers of 鈥檚 bid to acquire is an under-the-radar investment firm based in Dubai that has amassed $5 billion in assets, .
The firm, , has committed $700 million to help Musk finance his proposed $44 billion takeover of social network Twitter, which remains far from a done deal as the company and Tesla founder over issues surrounding bots and fake accounts and a fair price for the deal.
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If it goes through, the deal would once again make Twitter a private company. It would be one of the largest leveraged buyouts in history.
Bloomberg tapped filings and other sources to try to paint a clearer picture of Vy Capital, which is the third-largest outside investor in the Twitter deal. Here are five things to know about the firm:
1) Vy鈥檚 founder is Alexander Tamas.聽The secretive investor previously worked closely with Russian-Israeli billionaire , according to Bloomberg. Before that, he apparently worked on technology deals for in London. Tamas founded Vy in 2013 with , a former Goldman colleague.
2) Tamas led investments in , Facebook (now ) and Twitter while at Milner鈥檚 investment firm, .
3) Vy has backed several other Musk ventures. The firm was a lead investor in the $675 million Series C for Musk鈥檚 tunnel-digging venture, in April, per 附近上门. It also last year led the $205 million Series C investment for , Musk鈥檚 startup working on a computer-brain interface.
4) Vy鈥檚 assets under management have more than doubled since 2020, to $5 billion, according to sources and filings reviewed by Bloomberg. The company reportedly has about $1 billion ready to deploy. Non-Musk companies the firm has backed in the past year, according to 附近上门, include insuretech startup and fintech company
5) The firm maintains a minimal public and digital presence and seems to have only a couple dozen employees, who are spread out around the world, Bloomberg reported.
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