Semafor reported:
The US Army has turned to private equity to fund an infrastructure overhaul. Two top White House officials met Wall Street investors last week, part of a Trump administration effort to enlist the $13 trillion private capital industry into public financing.The army secretary told the Financial Times that he wanted $150 billion in capital expenditure over the next decade, but only had a budget of $15 billion, so needed outside investment. Military spending is growing across the West, and private firms are benefiting.
Mint reported:
The US Army has invited major private equity groups, including Apollo, Carlyle, KKR, and Cerberus, to pitch strategic projects
Secretary of the Army Dan Driscoll is also Acting Director of the Bureau of Alcohol, Tobacco, Firearms & Explosives. Last week he crudely informed the Army that their future is in silicon and software.
Driscoll worked as a private equity underwriter (PEU). Firms include Flex Capital where he was Chief Operating Officer: Flex Capital counts a number of PEU Legends and TechGods as limited partners.
Politicians Red and Blue love PEU and their new TechGod brethren. Increasingly, more are one.
