Friday, May 5, 2023

Michelle Obama Juggernaut PEU

Plezi issued a press release on the company's launch.  It highlighted former First Lady Michelle Obama's involvement.  She is a co-founder and strategic partner of Plezi.   Neither the press release or Plezi's website identify the other co-founder.  

It could be Juggernaut Capital Partners founder and managing partner John Shulman.  Schulman is a graduate of the University of Virginia's McIntire School of Commerce, as am I.  Juggernaut's website states:

Founded in 2009, Juggernaut Capital Partners is a lower middle market private equity firm specializing in buyout and growth investments across the consumer and healthcare sectors.

It should be no surprise that Michelle Obama partnered with a private equity underwriter (PEU) given all the lover her husband showed the greed and leverage boys during his eight years in the White House.

Politicians Red and Blue love PEU and increasingly, more are one. 

(Quartz and NPR ran Plezi launch stories as well. )

Update 9-27-23:  This week PEU Michelle Obama garnered $741,000 in speaking fees at the Bits and Pretzels Founders Festival.  That's a juggernaut payday.