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Ownership of Israeli NSO Group up in air amid latest Pegasus scandal

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05.08.2021

SALEM, Oregon (AP) — The future ownership of an Israeli spyware company whose product has been used to hack into the cellphones of journalists, human rights workers and possibly even heads of state is up in the air.

Major investors in a private equity firm that has majority ownership of NSO Group, the maker of the Pegasus spyware, are in discussions about what action to take. The Oregon state employee pension fund is one of the largest investors, if not the largest, having committed $233 million to Novalpina Capital, the private equity firm, in 2017.

Novalpina Capital has been saddled with both an internal dispute among its founding partners and an explosive report showing NSO Group’s spyware has been widely misused around the globe.

Oregon State Treasury spokeswoman Rachel Wray told The Associated Press in an email Wednesday the department is getting involved. State officials previously said investors have limited say in private equity investments once they are completed.

“I can confirm that, consistent with our fiduciary duties to Oregon beneficiaries, and along with other limited partners, (Oregon State) Treasury is involved in discussions related to our investment in Novalpina,” Wray said Wednesday.

The development comes amid a serious disagreement among the three co-founders of London-based Novalpina Capital that, according to press reports from Britain, resulted in investors moving to strip control of the fund after concluding that relations between the three had deteriorated so much that they could no longer work together.

Sky News reported the dispute was........

© The Times of Israel


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