Reported 5 months ago
Ron Baron, an early Tesla investor, has established funds through Baron Capital Management that focus on investing in two private ventures of Elon Musk - xAI and SpaceX. The funds allow clients to invest in Musk’s companies, with Baron aiming to raise the firm's profile among family offices and private bank clients. The funds charge an annual management fee of around 1% and lock up investor capital for about eight years, with hopes to offset outflows experienced by Baron Capital’s mutual funds and to attract new investors.
Source: YAHOO