Elon Musk backer Vy Capital closes to outside investors after windfall
A secretive technology investment group that is a top backer of Elon Musk’s companies will close to external investors, after racking up such big gains that it is no longer dependent on outside financing.
Vy Capital, which has a four-person investment team and little public profile, has emerged as a major financier for Musk’s groups, including his rocket company SpaceX and artificial intelligence company xAI.
According to people familiar with the matter, Vy notified its external investors this month that it would not raise further outside money.
The group plans to continue managing its current portfolio and investing its own capital, the people added.
Vy, which is led by John Hering and Alexander Tamas, has about $15bn of assets under management and has generated about 28 per cent annual returns През последното десетилетие, откакто беше съосновател през 2014 година, сподели един от хората.
Групата от години поддържа SpaceX, в това число като водещ инвестит...
Прочетете целия текст »
