Josh Raffaelli, who has deep roots as a silicon valley investor and supports many Elon Musk companies, sues his former employer, a large $ 1 billion AUM Brookfield asset management, the New York Times reported.
Most of Raffaelli’s complaints are about how Brookfield deals with real estate losses related to infectious diseases, claiming that the company has dismissed him after filing an internal accuser complaint. His litigation suggests charges such as fraud and bribery, while Brookfield told Times.
In February, Brookfield quietly closed the venture capital unit operated by Raffaelli and brought some assets to other units, Bloomberg reported at the time. One of Raffaelli’s dissatisfaction with the lawsuit is that Brookfield did not buy much stocks as much as the MUSK owner.
Raffaelli has traded to a Musk company such as SpaceX, XAI and Boring Company. Bloomberg said his BROOKFIELD fund has sponsored MUSK’s acquisition of Twitter.
The lawsuit was a public battle with Raffaelli, and previously worked as a partner of a VC company known as a Draper Fisher Jurvetson in a VC company. (Today is a collection of funds.) In the DFJ, Brookfield helped the company to invest in MUSK companies such as Solarcity (Tesla), SpaceX and Tesla.
