President elect and former President Donald Trump's penchant for private equity underwriters (PEU) is clear after his nomination of Charles Kushner for Ambassador to France. Charles founded the Kushner Companies.
Five days ago Kushner Capital Partners, LP submitted an SEC filing for a new private equity fund. Director of the fund is Kushner Capital Partners GP LLC. All parties share the same address.
Trump is related to Kushner via his daughter Ivanka's marriage to Jared Kushner, also a PEU with Affinity Partners. Like son, like father.
Trump I pardoned Charles Kushner in December 2020 for his crimes of tax evasion, witness tampering and illegal campaign donations.
I'm sure many investors will be interested in Kushner Capital Partners. Everyone loves a freshly hatched PEU, especially one with impeccable insider connections.
Politicians Red and Blue love PEU and increasingly, more are one. It's the Red Team's turn to steer Uncle Sam's political power, influence and federal wallet to their friends and family. D.C.'s swamp has a new Trump II PEU brand.
