Former Treasury secretary under Trump launched Liberty Strategic Capital with $2.5bn last year
Steven Mnuchin’s private equity group has made its first buyout since he stepped down as US Treasury secretary in the Trump administration, taking a controlling interest in mobile cyber security company Zimperium for $525mn.
Liberty Strategic Capital, Mnuchin’s firm, has focused on cyber security with four minority investments since its launch last year. Mnuchin raised $2.5bn from a group of backers that included Japan’s SoftBank, Saudi Arabia’s Public Investment Fund and Abu Dhabi’s Mubadala.
The Dallas-based company claims it is capable of thwarting mobile attacks such as the one carried out by NSO Group’s Pegasus, the Israeli military-grade spyware manufacturer that created software to trace the phones of journalists and human rights activists around the world.
Read more: FT
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