REX ADVISERS

David Roux is the primary investment decision-maker at REX ADVISERS. Roger McNamee, while still a principal, has publicly stepped back from daily operations since roughly 2018 to focus on technology ethics advocacy. The firm does not disclose an investment committee structure, but Roux's track record from Silver Lake — where he led or co-led investments in Skype, Alibaba, and Dell — suggests a concentrated decision-making model with deep operator involvement in portfolio companies.

REX ADVISERS is the personal investment office of David Roux and Roger McNamee, who co-founded Silver Lake in 1999 alongside Glenn Hutchins and Jim Davidson. REX was established after Roux and McNamee reduced their day-to-day involvement at Silver Lake and is not a subsidiary or affiliate of the private equity firm. REX does occasionally co-invest alongside former Silver Lake operating partners, but the two entities are legally and operationally separate.

No. REX ADVISERS does not accept outside capital and operates as a single-family office deploying the personal wealth of its principals. This permanent-capital structure eliminates LP redemption risk and allows the firm to hold positions for longer periods than traditional venture or private equity funds — a flexibility the principals have used to maintain positions through market dislocations.

The wealth managed by REX ADVISERS originated primarily from the appreciation of David Roux and Roger McNamee's carried interest and equity stakes in Silver Lake, the technology-focused private equity firm they co-founded in 1999. Silver Lake's landmark transactions included the leveraged buyout of Dell in 2013 and the acquisition of Skype from eBay in 2009. Neither principal has publicly disclosed the specific amount of wealth transferred into REX.

REX ADVISERS selectively co-invests alongside external general partners, particularly former Silver Lake colleagues and other technology-focused investors. Public filings show REX has participated in rounds led by Andreessen Horowitz, Sequoia Capital, and other top-tier venture firms. The firm does not operate a systematic co-investment program accessible to third parties — each participation is evaluated on a deal-by-deal basis.