From Wikipedia, the free encyclopedia

Bayshore Global Management LLC
Company type Limited liability company
Industry Family office
Founded2005; 19 years ago (2005)
Founders
Headquarters Palo Alto, California, U.S.
Key people
George Pavlov (CEO)
AUM~US$100 billion (2022)
Number of employees
~100 (2022)
Footnotes / references
[1]

Bayshore Global Management LLC (Bayshore) is an investment firm that serves as the family office of Google co-founder Sergey Brin and until 2015, his ex-wife, 23andMe co-founder Anne Wojcicki. It manages over $100 billion of assets, making it one of the largest family offices despite its low profile.

Originally based in Los Altos, California, Bayshore is currently based in Palo Alto with an additional office in Singapore.

Background

Bayshore was founded in 2005, after the initial public offering of Google to manage the wealth of its co-founder Sergey Brin and his then-wife, Anne Wojcicki. The name Bayshore comes a section of Mountain View where Google is headquartered. [2] [3]

In 2015, former venture capitalist, George Pavlov was hired to manage Bayshore. In the same year a disaster relief organization called Global Support and Development (GSD) was formed as part of Bayshore before being spun-out as a separate entity in 2019 with initial funding being provided by Brin. [2] [3]

In late 2020, Bayshore opened an office in Singapore. This was speculated to be done for both tax purposes as well as obtaining better investment opportunities in Asia. [2] [3]

in May 2023, it was reported that a De Havilland Canada DHC-6 Twin Otter that crashed almost 40 miles off of the coast of Half Moon Bay, killing two people was owned by Bayshore. In a statement, Bayshore expressed condolences to the families of the crew on board and would provide them with the assistance needed. [4]

Bayshore is estimated to manage $100 billion of assets with 50-100 employees but has maintained a low profile and has been noted for how secretive it was. Bayshore has no website and there are few details about its investments. The firm has a close relationship with bankers at Morgan Stanley and also with the staff at Larry Page’s family office. Bayshore invests in all the standard asset classes such as equities, commercial real estate and private equity. With regards to private equity, Bayshore does lots of long-term direct investing and recoils from limited partnership stakes in funds that have ten-year fund cycles. Bayshore also managed Brin's charity firm, the Sergey Brin Family Foundation. [2] [3]

However Bayshore started receiving attention after divorce proceeding commenced between Brin and his second wife, Nicole Shanahan as the divorce was held in a court of public opinion. Bayshore hired lawyers to negotiate with Shanahan's team who hired Bryan Freedman. [2]

References

  1. ^ "Bayshore Global Management (Bayshore Global Management) - Family Office, United States - SWFI". www.swfinstitute.org.
  2. ^ a b c d e "Sergey Brin's $100B Private Fiefdom". Puck. August 9, 2022. Retrieved November 25, 2023.
  3. ^ a b c d "Sergey Brin's Family Office Names Marie Young as Investment Head". Bloomberg.com. January 28, 2022. Retrieved November 25, 2023.
  4. ^ "Plane that crashed off coast of Half Moon Bay was owned by Sergey Brin's investment firm". Los Angeles Times. May 23, 2023. Retrieved November 25, 2023.