The vessel was acquired for Kidd by a consortium of investors who backed a scheme to hunt down pirates, recover their booty and redistribute it among the investors. He had enlisted the support of Richard Coote, 1st Earl of Bellomont and governor-general of the British Province of New York and the ambitious Robert Livingston the Younger, who later became the mayor of Albany, New York. With Coote's backing, Kidd obtained a commission from King William III to operate as a privateer. The other investors who came aboard the scheme after it met with the king's approval were the Earl of Oxford, the Earl of Romney, the Duke of Shrewsbury, the Lord Chancellor, Sir Edmund Harrison and John Somers. The king himself was not an investor but was nonetheless entitled to one tenth of the proceeds.