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Three weeks after Rosemont Seneca was incorporated, a subsidiary of Rosemont Capital, called Rosemont TALF SPV, received $23.5 million in federal loans through the TALF program. These guys are not the most likable guys in the world, Biden said about the banks and hedge funds aided by the government intervention. In 2018 and 2020, Breitbart Senior Contributor and Government Accountability Institute President Peter Schweizer publishedSecret EmpiresandProfiles in Corruption. Multiple well-wishers looking to send their condolences sent them to Schwerin, asking him to forward them to Hunter Biden. Please let us know if you're having issues with commenting. Ruxton Ventures is private equity firm that invests in technology,media and education companies. served to you completely ad free and you will be granted access to view every profile in its entirety, even In one example,Schwerin visited the White House and other official locations 27 times when Joe Biden was vice president. (function(){for(var g="function"==typeof Object.defineProperties?Object.defineProperty:function(b,c,a){if(a.get||a.set)throw new TypeError("ES3 does not support getters and setters. Elsewhere, it says, "Rosemont Seneca Thornton, an investment firm co-founded by Hunter Biden, received $3.5 million in a wire transfer from Elena Baturina, who allegedly received illegal . Li, Archer and others agreed in 2013 to establish the fund, called BHR Partners, and Hunter Biden joined as an unpaid member of the board, the New Yorker said. Naples is perfect you can live in perpetual time share with your parents and talk about what a horrible person I am., Today, Schwerin continues to run an offshoot of Rosemont Seneca. The fund was named after the Rosemont Farm, the Heinz family's estate own near Pittsburgh. The slush fund is reportedly run by former Secretary of State John Kerry, John Kerry Jr., another Kerry family member and Hunter Biden, Michael Coudrey reported. The organization said the email raises questions about why Heinz was in touch with the State Department about Bidens business dealings. Tax experts said the Cayman Islands were a popular location at the time for hedge funds and corporations to set up subsidiaries in order to avoid paying certain U.S. taxes. Investor Type: Private Equity Firm, Venture Capital Investment Stage: Venture Balius Partners provides differentiated capital to mission-driven, owner-operators seeking a long-term partnership. Sahsen Ventures makes investments in for-profit and nonprofit organizations with an emphasis on technology and biotechnology. What is the Biden family business? All rights reserved. The small fund grew quickly. SMARTCAP is a direct real estate investment firm that manages commercial real estate investments focusing on value-added office and industrial development projects. 2023 NYP Holdings, Inc. All Rights Reserved, Government misinfo has sparked a steep decline in the publics trust, Four Hunter Biden associates helping House GOP probe, Comer says, Hunter Biden advised Joes office on answering Burisma queries: emails, Russian billionaires who shopped for US property with Hunter Biden and dined with Joe dodge sanctions. Eric Schwerin did not respond to a request for comment. To protect our site, we cannot process your request right now. from the University of Pennsylvania and an M.A. Rosemont Seneca Partners had a stake in another independent firm called Rosemont Seneca Technology Partners, or RSTP, according to the Washington Post. Latin American Partners is a leading private equity and mezzanine fund manager focused on middle market companies. Schwerin was embraced at the White House a total of 19 times between 2009 and 2015, according to Barack Obama's White House visitor logs, the New York Post reported Saturday. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()); GIPHY App Key not set. 2023 PitchBook. Joe Biden has consistently denied any involvement in his sons shady foreign businesses. Cronus Ventures, LLC (Cronus), is an early stage investment capital firm that invests in startup information technology companies. Tunisian American Enterprise Fund invest in sustainable growth, and create greater opportunities. House Oversight Committee Chairman Rep. James Comer (R-KY) is seen in front of a newspaper page with a photograph of Hunter Biden and his father President Joe Biden during the Protecting Speech from Government Interference and Social Media hearing with former Twitter employees before the House Committee on Oversight and Accountability at the Rayburn House Office Building on Wednesday February 08, 2023, in Washington, DC. PoliticsEric SchwerinHunter BidenJames BidenJames ComerJoe Biden. LNC provides its partners with flexible capital solutions and the strategic support to drive value creation for all stakeholders. Many of those deals yielded the Biden family business millions over decades while Joe Biden was an elected official. According to an email revealed as part of a Securities and Exchange Commission investigation, Rosemont described themselves as "a $2.4 billion private equity firm co-owned by Hunter Biden and Chris Heinz," with Devon Archer as "Managing Partner." The report alleges that an investment firm "co-founded" by Hunter Biden in 2014, Rosemont Seneca Thornton, received $3.5 million from Elena Baturina, the wife of the former mayor of Moscow,. Through Rosemont Capital, Mr. Heinz owned a minority interest in Rosemont Seneca Partners until 2015, said Heinzs spokesperson Chris Bastardi. Less than a year after opening Rosemont Senecas doors, Hunter Biden and Devon Archer were in China, having secured access at the highest levels. (Susan Walsh, File/AP). Private investment firm that makes minority equity and debt investments in companies that strengthen U.S. national security. DiamondStream Partners is a manager that invests in the future of travel and aviation. The members of the Council were carefully chosen from government, industry, NGOs, and philanthropic groups to represent a broad range of backgrounds and areas of expertise. Astra Capital Management is a private equity firm. Townhall.com is the leading source for conservative news and political commentary and analysis. Investor Type: Private Equity Firm, Venture Debt. Rosemont Seneca Technology Partners - an investment firm led by Hunter Biden - was a lead financial backer of Metabiota, a pandemic tracking and response firm that has partnered with Peter Daszak's EcoHealth Alliance and the Wuhan Institute of Virology. Joe Biden and his team have claimed at least seven times the president is not involved in the familys international business deals, but more than 17 instances show that Joe Biden was involved in the business. Steve Rosenthal, a senior fellow at the Urban-Brookings Tax Policy Center, said the use of an offshore company could also help investment firms reduce the tax liability for foreign or tax-exempt investors who could otherwise be subject to U.S. taxes. AlexEngs Wikipedia user pageacknowledgeshe has an implicit bias. The Debrief: Tim Carney on Chicago mayoral race being about rising crime, The Debrief: Conn Carroll on HHS encouraging illegal child labor, WATCH: Steven Spielberg likens rise in antisemitism to 'Germany in the '30s'. As part of the corrupt deal, two of Hunter Biden's employees at Rosemont Seneca Partners - Neil Callahan and John DeLoche - were appointed to the board of Metabiota. The fund was incorporated in the Cayman Islands on May 14, 2009, and dissolved on Nov. 14, 2014, according to corporate records in the British territory. Biden was a founding board member of BHR Partners . The Carlyle Group is a global private equity firm that caters to early and later stage companies. Eric Schwerin, who at the time was president of the since-dissolved Rosemont Seneca Partners which Hunter Biden helped found met with Joe Biden on November 17, 2010, visitor logs document, . In 2002 Schwerin joined them and became a partner in the company, lobbying disclosure forms show. This list is designed to show off the investors with exceptional track records, industry experience and a unique understanding of the ecosystem. ACON Investments is an international private equity investment firm managing capital through varied investment funds. Rosemont Seneca and Rosemont Capital shared the same office address in lower Manhattan and the same New York phone number, according to Securities and Exchange Commission documents. WASHINGTONHouse Committee on Oversight and Reform Ranking Member James Comer (R-Ky.) and Oversight Committee Republican lawmakers today pressed Department of the Treasury Secretary Janet Yellen about the exclusion of Elena Baturina from the public sanctions list of Russian elites and oligarchs. However, the Treasury Department and Federal Reserve maintained the right to reject a borrower for any reason, and the internal selection process was criticized by some lawmakers as opaque and open to corruption. Here is an article with those documents in it, although the reporting is still wrong: Three weeks after Rosemont Seneca was incorporated, a subsidiary of Rosemont Capital, called Rosemont TALF SPV, received $23.5 million in federal loans through the TALF program. A nice pleasant guy, one former colleague told The Post of Schwerin. Why would the Fed lend to material investors located in the Cayman Islands?. Schweizers work alsouncoveredthe Biden familys other vast andlucrativeforeign deals and cronyism. Nitze-Stagen is an integrated real-estate development and investment company. The website for the leasing company confirms it. Arable Capital Partners is a private investment firm focused exclusively on food & agriculture investing, Investor Type: Corporate Venture Capital, Private Equity Firm, Venture Capital, Venture Debt, Investment Stage: Early Stage Venture, Late Stage Venture, Non Equity Assistance, Private Equity, Venture. Conveniently, in 2004, Schwerin had purchased a three-bedroom townhouse in the upscale Glover Park neighborhood of DC. . "),d=t;a[0]in d||!d.execScript||d.execScript("var "+a[0]);for(var e;a.length&&(e=a.shift());)a.length||void 0===c?d[e]?d=d[e]:d=d[e]={}:d[e]=c};function v(b){var c=b.length;if(0