Elon Musk’s promise to withdraw from his bid for Twitter drew the attention of a slew of high-profile allies. A Dubai-based investment business with more than $5 billion in assets under management is at the top of the list.
Elon Musk’s offer for Twitter has received $700 million from Vy Capital, which Alexander Tamas formed. As a result, it is the deal’s largest outside donor. The acquisition was backed by Larry Ellison, Sequoia Capital, and Vy Capital.
Vy Capital’s investment outperformed Brookfield Asset Management and Qatar, and the business had previously invested in Boring Co. and ErisX, a cryptocurrency exchange.
Tamas has a lengthy history of forming alliances with well-known figures. Before founding Vy Capital, he worked closely with billionaire Yuri Milner. In 2008, he joined Milner’s investment group after working on technology investments for Goldman Sachs Inc. in London. He was responsible for several extremely profitable bets on businesses like Airbnb Inc. and Facebook.
He appears to be developing connections with Musk at the time. He has also invested heavily in Musk’s businesses, including Tesla Inc., SpaceX, and Neuralink Corp. Even one of Vy’s summer analysts is the son of Jades Birchall, Musk’s top adviser.