Billionaire Peter Thiel buys 1% stake in Argentine Vaca Muerta oil firm, filing shows
Thiel Macro LLC disclosed about 1.2 million American Depositary Shares worth $76 million, making Vista its second-largest holding and only non-U.S. investment.
- On Friday, August 14, a U.S. Securities and Exchange Commission filing disclosed that Peter Thiel's hedge fund, Thiel Macro LLC, acquired a 1% stake in Argentina's Vista Energy, purchasing roughly 1.2 million American Depositary Shares valued at about $76 million.
- This investment aligns with Thiel's thesis that Western capital has neglected physical infrastructure in favor of software, marking his first direct bet on a Vaca Muerta company where Vista produces about 160,000 barrels of oil equivalent daily.
- Deepening his local ties, Thiel bought a $12 million Buenos Aires mansion and has met with President Javier Milei since arriving in Argentina in April to discuss economic reforms.
- President Milei described the billionaire as an 'anarcho-capitalist who is bringing things to reality,' underscoring their shared libertarian vision while Vista's stake in the Vaca Muerta Oil Sur pipeline positions Thiel to benefit from next-year export expansion.
- Thiel is slated to keynote the 'Winds of Change' forum on September 1–2 at a Buenos Aires hotel in the Retiro district, an event expected to draw several of Milei's cabinet ministers.
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Technological mogul Peter Thiel, founder of companies such as PayPal, Palantir and who had a meeting with President José Antonio Kast in May, bought shares of the Argentine oil company Vista, the largest exporter of crude from Vaca Muerta, the huge and strategic formation of unconventional hydrocarbons from southwestern Argentina. The company is a ... Continue reading "Millionaire who met with Kast buys shares of Argentine oil that has business …
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