NYPo reported on Hunter Biden's role with Rosemont, a private equity underwriter (PEU):
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 partners attached several branches to the Rosemont Capital trunk, including Rosemont Seneca Partners, LLC, Rosemont Seneca Technology Partners, and Rosemont Realty.
Rosemont Seneca and the Bank of China created a $1 billion investment fund called Bohai Harvest RST (BHR).
The piece was written in 2018. PEUReport did stories on Hunter's PEU roles in 2012, 2014 and 2016. I am all for Congress exposing political insiders' work on behalf of the PEU boys.
Fox News reported:
Julianna Smoot in 2014 became an advisory board member of Rosemont Seneca Technology Partners (RSTP), an affiliate of Rosemont Seneca Partners, the fund co-founded by Hunter Biden.
Smoot held key positions in the Obama administration. In addition to her Rosemont advisory board compensation:
Smoot went on to become co-founder of the Blue Lake Strategies public affairs consulting firm, which received more than $500,000 from Unite the Country in less than three years.Unite the Country is a Blue Team/pro Biden PAC. This is an example of the ways political insiders funnel huge sums to one another.
Rosemont Seneca Technology Partners invested in reproductive testing company Counsyl in 2014. Myriad Genetics purchased Counsyl for $375 million in 2018.
Burnham Financial Group bought Rosemont Seneca Partners. It's not clear how much founders Hunter Biden and Chris Heinz made from the sale.
Rosemont Realty made ABC News last year:
Rosemont Realty received a $40 million investment from the widow of a former Moscow mayor.
Rosemont located in Washington, D.C. following The Carlyle Group's lead. Carlyle employed legions of political leaders to employ "non-lobbying" influence over tax laws, financial regulations and Uncle Sam's fat wallet.
I'd rather Congress employ a true PEU hunter to act on behalf of citizens. Expose the lot. The rot exists on both sides of the aisle.
It will take copious amounts of sunlight as a PEU resides under nearly every rock.
Jared Kushner — who worked on Middle East policy under former President Donald Trump — was able to secure over $2 billion in funds for his PEU Affinity Partners.
Politicians Red and Blue love PEU and increasingly, more are one.
Update 6-30-23: A Senate subcommittee issued a September 2020 report on Hunter Biden's gorging at the insider money trough. That boy can flat out eat. It's PEU level greed and it grows in the dark.
Update 8-1-23: ZeroHedge reported Hunter's partner Devon Archer shed light on Vice President Joe Biden's influence on the Burisma board appointment. Archer said the family's "brand" had value at a time when the firm was facing corruption allegations.
