Former Secretary of State Mike Pompeo campaigned for President elect Donald Trump. Physically, Pompeo is much lighter than his Secretary of State days. He's also far wealthier. This summer Mike joined the private equity underwriter (PEU) ranks at tech focused Niobrara Capital.
Niobrara's only affiliate Polar Semiconductor was the first to tap that federal pot of CHIPS Act money.
Founder Chip Shorr cut his PEU teeth with CVC Capital before going to Blackstone. I'm glad the greed and leverage boys made room for Pompeo, now Peumpeo.
There's no need to dump any PEU holdings should Mike rejoin the Trump White House. Anything goes nowadays. Conflicts of interest are not only expected, they are highly desirable.
Politicians Red and Blue love PEU and increasingly, more are one. Congratulations to the Red Team on their turn to steer the federal budget to their friends.
Update 11-6-24: Jim Chanos wrote on X:
The greatest trick the Devil ever performed is convincing pundits like this that a ticket with a Wharton-educated RE developer who lives in Palm Beach, and a Yale Law-educated venture capitalist, both advised by Wall St/Silicon Valley billionaires, is not the elite Establishment!
