Elon Musk’s Twitter backers: who are they and how much have they invested?

Elon Musk revealed in a Securities and Exchange Commission (SEC) filing on May 4 that he secured $7.14 billion in funding for his $44 billion Twitter acquisition. The named group of investors includes some of Musk’s friends, as well as several companies related to his various businesses. The filing also revealed that Prince Al Waleed bin Talal planned to keep his stake of around 35 million shares in Twitter.
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A list of named co-investors follows.
AM management and consulting: Contribution, $25 million
AMMC is a private equity, active investment and advisory firm founded by Andrew Medjuck.
Andreessen Horowitz (a16z): Contribution, $400 million
The Silicon Valley-based company was founded in 2009 by Marc Andreessen and Ben Horowitz. Andreessen Horowitz (known as “a16z”) is a venture capital firm that backs bold entrepreneurs who are building the future through technology. a16z “also invests in seed to venture into late-stage tech ventures, across bio+health, consumer, crypto, enterprise, fintech, gaming, and turn-around companies. toward American dynamism,” according to the company’s website.
a16z has $28.2 billion in assets under management. “We invested, because we believe in Ev and Jack’s vision to connect the world and we believe in Elon’s brilliance to finally make it what it was meant to be,” Horowitz tweeted on May 5. . “Elon is the only person we know and perhaps the only person in the world who has the courage, the genius and the skill to fix all of this and build the public square we all hope and deserve.
Aliya Capital Partners LLC: contribution of $360 million
Aliya is a Miami-based investment management firm. He previously invested in SpaceX, as well as Airbnb, Robinhood, Grab, Brex, Chime, Stripe, Impossible Food and Paytm, among others.
BAMCO, Inc. (Baron): Contribution, $100 million
BAMCO is a subsidiary of New York-based asset management firm Baron Capital, founded by Ron Baron in 1982.
Baron, Tesla’s largest shareholder, told CNBC he found the Twitter deal “interesting.”
“I’m guessing 2-3 times the return or more in the next 4-5 years if successful,” Baron told CNBC. “Really cheap purchase price as business had been so badly handled. In fact, incredibly cheap and would have stayed that way if Musk hadn’t offered to acquire. In my opinion.”
Binance: Contribution, $500 million
Crypto exchange Binance was launched in 2017. Its CEO, Changpeng Zhao, aka “CZ”, is a Chinese-Canadian business executive. Zhao is the founder and CEO of Binance and has an estimated net worth of $96 billion, according to Bloomberg.
“A small contribution to the cause,” CZ tweeted on May 5.
Brookfield: Contribution, $250 million
Joss Raffelli, managing partner of Brookfield, said in a LinkedIn post that Brookfield was “delighted to extend our support to Elon Musk in this transaction and to invest alongside our partners at Sequoia Capital, Andreessen Horowitz and Fidelity Investments, among others”.
“Our long history with Elon, most recently with Brookfield’s investment in The Boring Company, has given us a front-row seat to Elon’s focus on operational excellence and building iconic businesses with a unique approach. product oriented. We are thrilled to once again be able to support Elon and his mission to transform the future through innovative, world-class technologies. Funding assured,” he added.
DFJ Growth IV Partners, LLC: contribution of $100 million
Randy Glein and Barry Schuler (co-founders and partners, DFJ Growth) have partnered with what they consider “the most transformative companies of the past decade, including Coinbase, SpaceX, Stripe, Tesla, Twitter, Unity and d others, often as the first growth investor.This investment may represent another example of such a technology-centric orientation.
Fidelity Management & Research Company: Contribution, $316 million
The Boston-based financial services giant also owns a 1% stake in Tesla, according to Bloomberg.
Honeycomb Asset Management LP: contribution of $5 million
Honeycomb Asset Management LP, founded in 2016, is a private investment firm led by founder and CIO David Fiszel. The firm focuses on innovation and specializes in long/short stocks and selects private investment opportunities.
Key Wealth Advisors: contribution of $30 million
Razi Karim is co-founder and CEO of Key Wealth Advisors, launched in November 2021.
Lawrence J. Ellison Revocable Trust: Contribution, $1 billion
Billionaire Larry Ellison, who made the largest contribution to Musk’s takeover of Twitter, is president and chief technical officer of Oracle Corporation. He founded the company in 1977 and served as CEO until September 2014. His estimated net worth is $91.8 billion, according to Bloomberg.
He has also served on Tesla’s board of directors since 2018.
Litani Ventures: contribution of $25 million
LITANI Ventures is the family office of Peter Rahal. LITANI says it’s looking for “companies that create disruptive business across all industries.”
Qatar Holding LLC: contribution of $375 million
Qatar Holding is a division of the sovereign wealth fund of the State of Qatar.
Sequoia Capital Fund: Contribution, $800 million
Sequoia is a California-based venture capital firm, which has previously partnered with Musk.
“Sequoia has a long history with Elon. Sequoia led the first round of funding for X.com, bringing our partner Michael Moritz to the board. X.com merged with Confinity, which became PayPal. At PayPal, Elon gave our partner Roelof his first job outside of business school (and in the process inadvertently landed him in Sequoia. It went well. Thanks Elon!),” said the company on its website.In April 2022, it also partnered with The Boring Company.
The company has also invested in Jack Dorsey’s Square, Airbnb, Apple and 23andme.
Strauss Capital LLC: contribution of $150 million
Strauss Capital, founded in 2006 by Tom Strauss, is a private investment bank. Its clients are mainly established and emerging ETIs.
Strauss was previously managing director of Rosetta Partners LLC, a private New York investment/merchant bank founded by several senior members of the Lehman Brothers management team. Previously, he was co-head of the Mergers & Acquisitions group in the investment banking arm of Barclays Bank.
Tresser Blvd 402 LLC (Cartenna): Contribution, $8.5 million
Cartenna is a Connecticut-based hedge fund. It was created by Peter Avellone, a former portfolio manager at Millennium Management, according to Bloomberg.
VyCapital: Contribution, $700 million
VyCapital is a global technology investment firm with over $2 billion in assets under management. It says it focuses on concentrated investments in category-defining technology companies “with the potential to have a significant impact on humanity.”
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Witkoff Capital: Contribution, $100 million
Witkoff markets itself as a “vertically integrated real estate company that brings inventive thinking to a traditional industry. In doing so, we play the role that will make every project the most successful. long-term facets, with over 30 years of experience as a trusted partner to prove it.
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