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Billionaire’s Grandson Now a Private Tech Broker

When Zenefits was raising its series C round early in 2015, one of the investors invited to participate was Los Angeles-based Alex Davis and his firm Disruptive Technology Advisers. Investors can take months before pulling the trigger on such a deal. But Mr. Davis took just 48 hours after meeting with Zenefits management to deliver cash on behalf of himself and other investors.

Mr. Davis, the 34-year-old grandson of the late oil and media billionaire Marvin Davis, is a little-known but rising investor and broker in stock of some of private tech’s biggest companies including Snap and Palantir. His firm has bought or helped other investors buy more than $1 billion in Palantir stock alone, said a person familiar with the transactions.

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UPDATE: Alex Davis denied allegations by a trustee, in litigation related to the Davis family finances several years ago, that he siphoned off money. He says he settled the lawsuit for a small amount. An earlier version of this story did not specify that Mr. Davis denied the allegations.

Ashish Tuli commented on this article.
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