Private Equity Insights reported former British Prime Minister David Cameron joined Jeb Bush's family at Finback Investment Partners, a private equity underwriter (PEU) focused on insurance brokerage, data centers and software.
The Bush Presidential dynasty, father George H. W. Bush and son George W. Bush, held positions with The Carlyle Group, a politically connected PEU. Jeb Bush is a serial PEU founder. His last two firms included his son as co-founder.
British Prime Ministers also found PEU employment post public service.
Politicians Red and Blue love PEU and increasingly, more are one. TechGods copied the PEU playbook by sponsoring politicians for access to Uncle Sam's wallet. That this "greed/politics marriage" has gone on so long should be a disturbing sign to common folk.
TechGods are more direct, not as secretive and far less patient than their PEU brethren. There is cross pollination between the two groups. Jeb's Finbeck Investment Partners has a high tech focus with data centers and software. Also, Finbeck founder Jack Oliver advises TechGod Joe Lonsdale's 8vc and TechGod Alex Karp's Palantir.
Greed and leverage is as greed and leverage does.... Unfortunately, it's far more pervasive and invasive than it once was. For that, we suffer.
