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Musk Twitter Bid Counts Secretive $5 Billion Fund Among Backers

  • Alexander Tamas’s firm is the third-biggest outside investor
  • German national worked with Yuri Milner and at Goldman Sachs
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The Secretive $5 Billion Fund Behind Musk’s Twitter BidSource: Bloomberg

Elon Musk’s bid for Twitter Inc., which has been upended by the billionaire’s threat to walk away, attracted a bevy of big-name backers and Silicon Valley mainstays. There were some notable exceptions.

High on that list is a Dubai-based investment firm whose assets have surged to more than $5 billion under its secretive founder Alexander Tamas, according to regulatory filings and people familiar with the matter. Vy Capital -- whose main website consists of one page, with no address and no contact details -- has committed $700 million to finance Musk’s bid for the social network, making it the third-biggest outside equity investor in the deal that’s drawn money from billionaire Larry Ellison and Sequoia Capital, securities filings show.