Josh Raffaelli, who has deep roots as a Silicon Valley investor and has backed numerous Elon Musk firms, is suing his former employer, the large trillion-dollar AUM Brookfield Asset Administration, experiences The New York Instances.
A lot of Raffaelli’s grievance considerations how Brookfield lined pandemic-related actual property losses and alleges the corporate fired him after he filed a whistleblower grievance on the SEC. His swimsuit makes allegations like fraud and bribery, whereas Brookfield vehemently denies any wrongdoing, it advised The Instances.
In February, Brookfield quietly shuttered the enterprise capital unit run by Raffaelli and rolled some property into one other unit, Bloomberg reported on the time. One among Raffaelli’s complaints within the swimsuit is that Brookfield didn’t purchase as a lot inventory in Musk-owned firms as he had secured the flexibility to purchase.
Raffaelli had offers to purchase into Musk firms like SpaceX, xAI, and the Boring Firm, the swimsuit alleges. And his Brookfield fund was an enormous backer of Musk’s takeover of Twitter, Bloomberg reported.
The lawsuit is a really public battle for Raffaelli, who beforehand labored as a accomplice on the VC agency then often called Draper Fisher Jurvetson. (At the moment, it’s a group of funds.) Whereas at DFJ, Brookfield helped that agency make investments into Musk firms like SolarCity (acquired by Tesla), SpaceX, and Tesla.
