Fractional AI markets its services to private equity underwriters (PEU). It is being bought out by a new Anthropic/PEU joint venture backed by numerous players (seen on the right side of the image below). OpenAI has its own AI-PEU venture.
For workers in most PEU affiliates this will be at least the second time their sponsors have made major changes in operations. The first required lopping off headcount and other operating expenses in order to pay new annual management fees, much higher interest expense, fund special dividends/distributions, enrich executives and achieve the sponsor's hurdle rate.
PEUs had affiliates buy from one another even if it wasn't the cheapest or the best quality. Now that they've joined with TechGods in their circular financial masturbation, employees can make billionaires into trillionaires. They just need to replace less expensive workers with higher cost AI.
TechGods already have a strong "workplace crapification" strategy underway, so they come to the table ably equipped to assist their new joint venture sponsors.
Don't look for any help or support from elected officials. Politicians Red & Blue love PEU and their new TechGod/CryptoBro brethren. Increasingly, more are one and most care not about the little people.
The ethical landscape is disturbing in its flatness and lack of color. A mass of foul hot air circles, usurping all that is in its path. It grows in size and stench with each accumulation. A giant beast can be seen in the middle of the swirling winds. It has multiple nipples across its abdomen. Clown dressed figures cling to each nipple. Powerful listening devices determine the clown figures ceaselessly complimenting the beast as they struggle to hang on to their perch. Several have fallen off and are running ahead with hopes of reattaching.
Scientists studying the phenomena have named it the "Donflicts of Sinterest."
Checks and balances have been replaced by checks, the bankable kind. Influence is based on who you know and how much you can pay. There are no foundational or underlying principles. Those have been grossly distorted to "support" the horrific descent from virtue, abandonment of honesty and scuttling of open deals based on fairness to all.
It's an insiders game and the players are cruel, greedy and devious. That is a very bad combination especially when paired with the Lords of Capital (private equity underwriters - PEU) and TechGods/CryptoBros.
TechGods and PEUs finance and maximize the production of the beast's nipples but also partake heavily in the monetary flow. Everyone in the power chain takes a cut but the largest portion is returned to the beast.
It's "Daddy Capitalism." The next nipple should be rotating soon. Who will it be? There's an addiction site where you can bet on that. The Beast's new betting site should be starting up soon. How much will that new nipple produce?
Politicians Red are trying to corner the market for PEU/TechGod money and loyalty. Their beast's desire for more everything is insatiable. For that the common people suffer.
I have seen some very ugly and awful things in my life. I was a child of the 50's and 60's after all, But the current level of open corruption and hypocrisy in Washington is a disgraceful stain on the country.
Those who fail to uphold their oaths to preserve, protect and defend the Constitution from enemies, foreign and domestic bear a heavy responsibility.
History will not be kind. And it ought not to be. There is no excuse for this.
People of faith must bear witness to the terrible sins against the Spirit being committed by those who cloak themselves in a gospel soaked in money and blood. They will be reaping the wages of sin.
Trump II's "Just Us" Department announced a $1.776 billion settlement of the President's case against the IRS for a contractor's releasing of his tax returns, as well as various and sundry other suits by Trump I against the government.
The amount is grievous for the U.S., especially during out 250th birthday year. Any number other than 1776 would be better. January 6th was characterized as "our 1776" by MAGA political leaders and the refrain is a call by the radical right for violent uprising.
The fund formation process is riddled with conflicts. Trump is both the aggrieved and the decision maker. I find it odd that only the criminal cases the government had against him were dropped. His cases against the government were not ceased or put in abeyance. They remained fresh for him to adjudicate from the inside.
Trump II pardoned all manner of financial fraudsters and Capital rioting violent thugs who also urinated and smeared feces when not attacking Capital police officers.
Those compensated by his "Just Us" department do not have to pay restitution to their victims. They can use it for a new burner phone, to pay their legal fees or for a weapon (the beauty of a federal pardon).
An Anti-Weaponization Fund from the government could be used by formerly convicted criminals to buy weapons or target their next fraud victims.
The fund will need to be managed. Might Trump associated Dominari or Yorkville get the nod? Will it be held in dollars or World Liberty stablecoins?
Surely, they wish to grow the corpus. Might Jared Kushner's Affinity Partners invest some of the funds? I bet Middle Eastern sovereign wealth funds are a hard sell for Jared at the moment. Kushner may need to replace some recently withdrawn money (in retaliation for Trump II's disastrous war on Iran).
“Once the ($1.776 billion in taxpayer) funds are deposited into the Designated Account, the United States has no liability whatsoever for the protection or safeguarding of those funds, regardless of bank failure, fraudulent transfers, or any other fraud or misuse of the funds,” according to a memo from Todd Blanche, the acting US attorney general.
That statement is darkly comedic given a Trump pardoned fraudster could fraudulently apply for, and possibly fraudulently receive, funds from the $1.776 billion fund. I see no audits in this fund's future. It is fully independent with all the rights and freedoms granted money by the Supreme Court. It can vote. It can freely travel offshore. It can prey on underage girls.
Thank heaven Trump II settled with Trump I in an arm-arm-arm-arm's totaling agreement. Ethically, it's a four arm fire. But what do you expect from Trump? The guy defecates on everything, endlessly.
But 1776 during our 250th Anniversary? What kind of doofus does that? One who has a compliant "Just Us" Department. It's The White House and a Blanched "Just Us" Department who gave us:
the IRS is "forever barred and precluded" from prosecuting or pursuing any and all claims related to the plaintiff or affiliated individuals.
Just when AI should be unleashed on the Trump tax returns, they are given a free pass. Harkens back to Eric Holder saying he would not investigate financial malfeasance that brought us the 2008 financial crisis.
America, first world for our royal families, private equity underwriters and TechGods. Third world for everyone else. And the first world has no shame. None at all.
Update 5-21-26: Trump's Jan. 6th Middle Aged Wilding supporters, election deniers and remaining Q-ANUTS are thrilled with the restitution fund. They get the symbolism of the settlement amount. It's their America to celebrate according to Trump II and his "Just Us" Department. For that the common person suffers.
FT ran a story on 1789 Capital's massive increase in assets under management after adding Donald Trump Jr. as managing director. Don Jr.'s private equity underwriter (PEU) set its sights on usurping the legendary Carlyle Group of Pennsylvania Avenue.
First it usurped Carlyle co-founder David Rubenstein's "patriotic philanthropy." The Trumps are not givers so philanthropy had to go. Good thing the Trump's boys fumbled around and found capitalism, which was always the PEU diversion for loading firms with debt, charging them deal/management fees and siphoning off millions in cash via recaps. The PEU lobby is called the American Investment Council.
Now, 1789 Capital is usurping Carlyle's legendary political connections. FT reported:
Paul Abrahimzadeh, a 1789 Capital partner, said the goal was to reach $10 billion in the next few years, establishing the firm beyond the Trump era.
He pitched the firm as a new Carlyle Group, the Washington-based investment firm known for its contacts in Washington and once nicknamed “the ex-president’s club” after previously counting George H.W. Bush and John Major as advisers.
Don Jr. sells political influence directly via the Executive Club in Washington, D.C.
The Trump boys are schooling Hunter with their endless series of "Daddy Capitalism" ventures. In addition to 1789 Capital the boys have Dominari Holdings and Yorkville Advisors. Each has numerous SPACs dedicated to profiting from Trump II's gargantuan overspending.
I imagine 1789 Capital, Dominari and Yorkville will all be needed to manage Trump II's new $1.7 billion Cracker Reparations Fund for rioters and fraudsters.
What would happen if AI were ever directed at his supporters' financial entanglements and tax compliance? Trump II's Slush Fund could temper the pain with a direct cash injection.
Politicians Red have gone crazy over PEU and their new TechGod brethren. Carlyle was at least bipartisan in its approach.
Red Team candidates don't have to be PEUs or TechGods as long as they lick the Trump family's shoes and those of their major sponsors.
Note: The Carlyle Group was the impetus for PEUReport and the topic of my very first post in 2007. This blog identified numerous PEU concerns over the years and hopes to continue doing same.
Update 5-19-26: "Daddy" has his own version of executive capitalism going:
...the President, and most likely his sycophants, are day-trading stocks, and in some case blatantly front running their own statements.
You can't talk bad about insiders no matter how depraved those insiders act.
Jesus Sermon on the Mount was not delivered on a mound of money. It had no sponsors or investors.
All those earthly gains will not help greedy insiders when they depart this earthly plane. That's because Mars sucks far more than Mar-a-Lago. However, there is an eternity far worse than either. And we will all be judged for our time here.
The Texas Comptroller of Public Accounts recommended approval of a massive tax break for a dedicated power plant near Pecos, Texas that would serve one giant data center. None of the power generated would go to the public.
The $227 million tax abatement over ten years would subsidize a project needing attractive returns for Chevron and Engine No. 1 (an investment company with a hedge fund background).
Ownership stakes for the project have not been disclosed. The state provided documents which were not searchable (at least on my computer).
The project will provide 25 permanent jobs after completion. That's $9 million in subsidy per permanent job.
The State of Texas and Governor Rick Perry gave The Carlyle Group's Vought Aircraft Aviation $1 million per job cut over the initial term of their economic development subsidy. The Carlyle affiliate promised 3,000 new jobs for $35 million. They cut 35 positions while making interest profits on the $35 million.
I keep saying things could not be worse, but they keep getting darker and more sinister. The West Texas AI boom is brought to us by the Lords of Capital (private equity underwriters - PEU) and their TechGod brethren.
Their investment hurdle rates stand on the back of Texas residents who lose on all fronts, power prices, water availability, rapidly increasing costs (rent, hotels) and pollution/environmental degradation.
Elected officials should be required to office or spend weekends in manufactured homes that border these giant data centers/city sized electricity generating plants as long as the tax abatement lasts.
Red Politicians in Texas love PEUs and their new TechGod brethren. Increasingly, more are one and for that the common person suffers.
"PEUroes" is an adaptation of "Heroes" by David Bowie. This 2026 rewrite is inspired by the Lords of Capital - private equity underwriters (PEU) and their TechGod brethren.
I, I will be lord And you, you will be god No officials will steer us away We can stiff retirees just for more fees We can be PEUroes just for one IPO
And you, you need to disrupt And I, I'll be greedy all the time 'Cause we're investors, that is a fact Yes, we're investors, that is that
Though Epstein can keep us together Jeff could steal jailtime, just for one lay We can be PEUroes living forever What'd you say?
I, I wish you could IRR Like the mafia, like dons can IRR Though Trump, Trump will keep us together We can be richer for ever and ever Oh, we can be PEUroes just for an epoch
I, I will be lord And you, you will be god No officials will give us away We can be PEUroes just for big bills We can be TechGods who "just don't die"
I, I can remember (I remember) Standing by the vault (by the vault) And the crypto fell by our feet (by our feet) And we kissed as though no asset could fail (no asset could fail)
And the shame was never on the sponsor Oh, we can beat banks for ever and ever Then we could be PEUroes Just for an epoch
We can be PEUroes We can be PEUroes We can be PEUroes Just for an epoch We can be PEUroes
You're nothing, but our carry will help you Maybe we're lying, but you better not say Yes, you could be richer, for more than an epoch Oh-oh-oh, oh-oh-oh, more than an epoch
Just do things our way...
And Elon will give you that Penthouse. Enjoy the centerfold.
West Texas has achieved SimPEUlarity. To understand the term it is useful to examine Singularity in physics.
Singularity - a point or region of infinite mass density at which space and time are infinitely distorted by gravitational forces and which is held to be the final state of matter falling into a black hole
The Big Bend region is home to The McDonald Observatory. Texas has long had numerous political black holes.
I offer the following with a private equity underwriter (PEU) twist.
SimPEUlarity - a point or region of economic development in which government, private equity (the Lords of Capital) and their TechGod brethren have distorted market and political forces to the point citizens feel like they are falling into a black hole.
This happens when citizens have four data centers interested in San Angelo/Tom Green County and two of the four are a complete secret.
This happens when Chamber of Commerce executives excitedly share how private equity has "discovered" our area and wants to do deal after deal after deal. Many of our local employers already had PEU sponsors. They implemented job/benefit cuts and pay raises? They were few and far between. Generous applied more to executive gains than to anything that actually dribbled down to staff.
This happens when elected officials prioritize the needs of corporations over the interests of and service to citizens.
This happens when nearly nearly every story could be cross-posted on all three of my blogs, 1) private equity, 2) local focus and 3) national politics.
It's SimPEUlarity. For those unaware of what is happening in our area of West Texas I offer the following
The City of San Angelo has partnered with private equity backed Skybox Data Centers since March 2025 when City Council approved a letter of intent for land sale and annexed that very property into city limits in the same meeting. PEU Blue Owl Capital has financed numerous Skybox projects.
Skybox hired Emergent Data Centers to develop their potential project. Emergent markets the SA1 Data Center as "a municipal partnership built for speed" and having "exceptional municipal support." Emergent's founder Chris Sumter highlighted his private equity pedigree in a recent public meeting.
The other three potential data centers are exploring sites in Tom Green County. Beacon Data Centers has an option on land west of San Angelo in the Dove Creek area. Beacon is owned by PEU Nadia Partners. Dove Creek residents spoke loudly in a public meeting, asking for Beacon to go elsewhere. Beacon executives said they would conduct their studies (which few wanted done) and get back with the community on the results. No one wants to hear the words "we're coming."
The two secret data center developers will be named at some point if their interest continues. Their PEU ties can be examined once they are identified.
The Lords of Capital and their TechGod brethren are the dark energy of the American economy. They operate unseen and only look out for themselves.
Texas just approves permits for building, permits for pollution faster than other places and that makes it easier to build this kind of large infrastructure project.
Residents opposing the data center rush can sense the black hole closing in. Most Texas politicians were sucked in long ago. Many will need to break away from the SimPEUlarity to actually serve the people.
Politicians Red & Blue love PEU and their new TechGod/CryptoBro brethren. Increasingly, more are one and for that the common person suffers.
Update 5-17-26:Wiredwrote about companies cutting benefits for the worst reasons.
Update 5-18-26: Chevron could qualify for $227 million in tax breaks over ten years for a power plant that does not serve the public but a West Texas data center (near Pecos). In addition to funding Chevron's subsidy West Texans would get the pollution from gas fired generators.
That's the deal our elected officials are offering. That's a $9 million tax break per job created ($227 million divided by 25 jobs).
Dylan Ratigan wrote about the intersection of political influence in cornering subsidies, regulatory advantage and creating monopoly power, When that happens capitalism is replaced by a leveraged extraction system. I contend that's what the PEU boys and their new TechGod buds have created over the decades.
Trump II's financial disclosure indicated millions in stock trades in the first quarter of 2026. He bought and sold shares in private equity underwriters (PEU). They include:
Apollo Global Management
Blackstone, Blackstone Secured Lending, Blackstone MTG TR Inc. REIT & Invitation Homes
Blue Owl
Carlyle Group
KKR
TechGod stock purchased/sold by Trump II include:
Apple
Amazon
Alphabet
Broadcom
Intel
Meta
Microsoft
NVIDIA
Oracle
Palantir
The filing shows gobs of trades on 2-23-26.
Trump II and Bibi Netanyahu attacked Iran five days later. That conflict remains unresolved. Trump II alternates from "needing help to resolve it" to not needing any.
Lurch, he does.
Trump II loves PEU and their new TechGod/CryptoBro brethren. He loves them so much they are in and out of his portfolio.
Trump II loves them, he loves them not. He loves them a little and then something happens. He really loves them NOT.
Update 5-16-26: Anyone with Trump Discernment Skills (TDS) can see this as his latest egregious, grand, in-your-face violation of historical norms within top political leadership.
Previous presidents divested assets or took other steps to avoid conflicts of interest or even the appearance of ethical issues while in office.
Trump II is a alone in his own ethical ether:
Federal law only required officeholders to report transactions involving securities after the passage of the STOCK Act in 2012, which strengthened disclosure requirements for executive branch officials and members of Congress.
Neither former President Barack Obama, whose money was invested in Treasury bills and broadly diversified mutual funds, nor Joe Biden traded stocks or bonds while in office. Trump is the first president who triggered the disclosure requirement.
There is no conflict of interest according to White House officials as the concept has gone the way of race in Crackerland. Neither one exists anymore in Trump world, the place where liars cheat and cheaters lie.
Trump usurped the White House to further his business at every possible turn.
We maintain disclosure controls and procedures that are designed to ensure that material information required to be disclosed in our periodic reports filed or submitted under the Securities Exchange Act of 1934, as amended, or the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms. Our disclosure controls and procedures are also designed to ensure that information required to be disclosed in the reports we file or submit under the Exchange Act are accumulated and communicated to our management, including our principal executive officer and principal financial officer as appropriate, to allow timely decisions regarding required disclosure.
We carried out an evaluation, under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e)under the Exchange Act. Based upon that evaluation, as of March 31, 2026, our principal executive officer and principal financial officer concluded that our disclosure controls and procedures were not effective due to the material weakness in our internal controls.
A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Company’s annual or interim financial statements will not be prevented or detected on a timely basis.
Material Weaknesses in Internal Controls
During the period ended March 31, 2026, due to staffing and resource constraints, the Company required significant additional effort to close the books and records, and record appropriate account adjustments. As such, information technology, business processes and financial reporting controls were deemed to be ineffective due to (a) the lack of personnel to ensure the books and records are closed accurately and on a timely basis, (b) lack of sufficient review over the accounting for certain transactions recorded at fair value, (c) the lack of appropriate segregation of duties, (d) certain general information technology control deficiencies regarding user access provisioning and administrative access review, and (e) insufficient documentation to support and evidence the design and implementation of controls.
Remedial Actions
As a result, our management performed additional analysis as deemed necessary to ensure that our financial statements were prepared in accordance with accounting principles generally accepted in the United States of America. Management understands that the accounting standards applicable to our financial statements are complex and will seek to enhance controls over its experienced third-party professionals with whom management can consult with respect to accounting issues and remediate this material weakness. The Company has engaged an outside consulting firm to assist in the closing process to ensure that steps are taken to remediate the control environment and to specifically improve the timeliness and accuracy of its financial reporting process. Additionally, the Company is planning to implement certain information technology related changes over the year ending December 31, 2026.
Changes in Internal Control over Financial Reporting
There were no changes in our internal control over financial reporting for the quarter ended March 31, 2026 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
Limitations on Effectiveness of Controls
Our management does not expect that our disclosure controls and procedures or our internal controls will prevent all errors and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within our company have been detected.
To sum up: internal financial controls are weak, the company sought outside help for monthly and annual close and IT changes are coming.
Trump Media & Technology Group stated things less harshly in their recent 10-k filing:
In designing and evaluating the disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable, not absolute, assurance of achieving the desired control objectives.
I would expect any Trump related company to have numerous errors and embedded fraud given the way Trump II runs the White House. Competence and ethics are not our current President's strengths. Setting up perpetual revenue streams for the Trumps seems to be the priority.
As for the Trump II trip to China entourage, it's hard to report correctly when the White House does not share information.
Trump II surrounded himself with TechGods, private equity underwriters (PEU) and CEOs of storied American corporations (some of whom already operate in China). Trump is selling what has already been sold by predecessor Richard Nixon.
It is always precarious for a world leader to be around Trump II, even in their home country. Trump, the usurper, will apportion something from those he interacts with along the way. There's the flight over, the visit itself and the trip home.
An invite to go to China with Trump II is the proverbial short straw, a losing proposition. The question is how much Trump extracts from his invitees, from his host? Who has a new venture for my boys? Anyone?
Trump has his family's wealth at the forefront of his mind, not the plight of the average American. His boys keep winning new firms that land government contracts. I'm sure Chinese President Xi is watching. We may or may not find out what he is buying. Our government does not share anymore, information or otherwise.
KKR chiefs ponied up $300 million for one of their poorly performing private credit funds. It brought back memories from Fall 2007.
A Guernsey-based mortgage investment offshoot of the private equity firm Carlyle has been forced to seek a $200m (£100m) lifeline from its US parent as it struggles to meet commitments to its lenders.
Carlyle Capital Corporation went on to implode in March 2008. Financial crisis occur when the big money boys no longer trust one another to make good on their debts (bets).
Milken Global Conference had a private credit cheerleading session. Host Michael Milken interviewed BlackRock's Larry Fink and Brookfield's Bruce Flatt. They minimized the risk of investment default at the start of the interview.
Milken cited Silicon Valley Bank's mismatch of long term holdings and short term financing of those assets as the primary cause of its failure. He omitted the bank run, juiced by TechGod depositors such as Peter Thiel.
Both Fink and Flatt shared the percent of their assets that are redeemable on a quarterly basis, less than 1% to a fraction of that. This showed "the strength of these organizations."
A private credit run cannot occur due to the small relative size of their whole portfolio. Really? I hope a former Carlyle Credit Corporation investor was in the audience to share otherwise.
Milken also failed to note that smart money started the private credit runs at various funds, family offices and sovereign wealth funds. If they want out, I as a small retiree should do likewise.
The three men noted that ten trillion dollars will be spent to rewire the world. An enormous amount of capital will be used and these guys want you to believe it will all work out just fine for those on the upper part of the K. The lower part of the K they did not address. It is not their care or concern.
Milken is one of the annual gatherings of the powerful and connected, alongside the World Economic Forum and the annual Bilderberg Group gathering. The world is being remade by power hungry, greedy private equity underwriters (PEU) and TechGods. Elected officials are their enablers.
Politicians Red & Blue love PEU and their new TechGod/CryptoBro brethren. Increasingly, more are one. For that, the common person suffers.
The AI deployment wars heated up in the last week with two announcements. The first came from Anthropic on May 4th. OpenAI fired back yesterday. Who's your PEU (private equity underwriter)?
Anthropic launched an initial attack with eight PEUs. OpenAI responded with twelve.
PEU affiliates should be nervous as these deployment efforts work their way through the ownership chain. They likely felt something similar when initially acquired by any of the above listed PEUs.
WCAS and TPG cut 40% of our office headcount when they took over my healthcare employer years ago. Their operating model did not care about customer feedback or national quality standards. It did prioritize owner returns and executive enrichment.
TechGods can sell crap as if it were gold while PEUs have a long record of scheming/manipulation. This should be quite the combination. Who can the public turn to for help? Sorry...
Politicians Red & Blue love PEU and their new TechGod/CryptoBro brethren. Increasingly, more are one and for that the common person suffers.
Tomoro AI had the following on their website after they were incorporated into the TechGod/PEU AI deployment tie up:
Two and a half years ago, Tomoro was created to build a more human-aligned future of work: where AI is not just available to people, but shaped around how they think and create, ultimately redefining how work gets done.
That belief has not changed. But we’ve got a lot more ambitious.
Our shared goal will be to help organisations move from access to OpenAI products to real deployments, production-ready AI and reimagined work. This is the work Tomoro was built for. We provide inspiration, guidance and the specialist engineering and deployment skills to create a future where work is more valuable, more productive, more joyful for everyone.
This may not be as great a stretch as the former bitcoin miner/stranded renewable energy play (Lancium) that became the giant AI data center complex marketed as Stargate in Abilene, Texas.
Tomoro is in Edinburg, Scotland where it appears they look after their employees better than the U.S.
Executives had the courtesy to thank employees.
Lastly, thank you. Everyone connected with Tomoro created this future, and we’re immensely grateful to every team member, client and partner who trusted us on this journey.
We can’t wait for what’s next.
I expected to find a information about Tomoro's current ownership as the United Kingdom collects such data. The information on Tomoro AI was not current.
However, a Tomoro Consulting is in the UK.GOV database.
The address for Tomoro MIB LLC is a corporate registration address and used by numerous other entities.
The top two people for Tomoro AI LTD (withdrawn in 2024) remain the same according to LinkedIn.
They both have PEU titles, Managing Director. It seems they monetized once and are ready to do so again. How many Tomoro employees have equity stakes in the company and benefit from the move to OpenAI Deployment?
Tomoro's cofounders likely know what they are getting into with 40% PEU ownership. I worked for a healthcare PEU affiliate with 60% private equity ownership and its was a very distasteful experience. Glassdoor ratings plummeted as employees were eliminated or taken advantage of.
But I believe that's AI's aim, to eliminate and micromanage workers. A few people will profit handsomely from all this and they will have the political power to keep nearly all of their ill begotten gains.
That's because politicians Red & Blue love PEU and their new TechGod/CryptoBro brethren. Increasingly, more are one and that bodes poorly for the average citizen.
Private equity underwriters (PEU) have joined with TechGods to form a massive venture that helps corporations (PEU affiliates) roll out artificial intelligence (AI).
OpenAI has guaranteed its private equity backers a 17.5% annual return over five years, as per Yahoo Finance. That guarantee gives PE firms a floor on their returns while giving OpenAI a captive distribution network: the portfolio companies of its backers, spanning healthcare, manufacturing, financial services, retail, and logistics.
This harkens back to the days when subcontractors took a cut of "cost savings." That engineered layers of redefinitions for profit maximizing purposes.
The PEU boys know how to keep the most basic investor information confidential and are skilled at inventing their own accounting terms. Does anyone remember PEU foisted "economic net income"?
TechGods, also known as widespread intellectual property thieves, are free to come up with whatever number they wish in their artificial world that attempts to reflect actual reality.
Investors should not that this firm is valued at $10 billion right off. Another mark of the TechGod/PEU tie up. TechGods create and destroy and PEUs have a magic mark pen, similar to a Harry Potter wand.
"Ten Billionooosssooo!" Whhhhooooossh. It is done.
Politicians will need to celebrate the tie up of their greatest sponsors. It's not clear who's court they need to visit to express their gratitude. Maybe they can do so at the next World Economic Forum, Milken Global Conference or Bilderberg Group meeting.
For decades politicians Red & Blue have loved PEU and more recently added their TechGod/CryptoBro brethren. Increasingly, more are one. It's all part of the adoption race.
“On behalf of the Board and leadership team, we are pleased to welcome a leader of Bill’s caliber to the TPG Board,” said Jim Coulter, Founding Partner and Executive Chairman of TPG. “Bill brings distinct experience, a deep understanding of global and business affairs, and a differentiated skillset that will be valuable as we further our growth ambitions and advance toward a majority‑independent governance structure.”
“Bill is a proven leader whose career has been shaped by decades of experience leading through complexity and advising in consequential moments,” said Jon Winkelried, Chief Executive Officer of TPG. “His trusted judgment, global perspective, and strategic insight will be an asset as TPG continues to scale. We look forward to working alongside him as we execute on the firm’s strategic priorities and accelerate momentum across TPG.”
Their announcement highlighted his other roles:
McRaven brings more than four decades of experience across the public and private sectors and is a widely recognized leader in foreign policy and geopolitical affairs. He currently serves as a Senior Advisor at Lazard, Inc. ...
McRaven currently serves on the board of directors of ConocoPhillips and the advisory board of Haveli Investments. He also serves on several private and non-profit boards, including the Council on Foreign Relations, the National Football Foundation, the International Crisis Group, and The Mission Continues. He was formerly the Chancellor of the University of Texas System and previously served on the advisory board of Palantir Technologies Inc.
As for Haveli, like TPG, it is a private equity underwriter (PEU):
Haveli is an Austin-based private equity firm that invests in high quality technology companies.
It was founded in 2021 but the firm did not make it clear when it appointed General McRaven to its advisory board.
TPG noted that McRaven's board service would begin May 1st.
Admiral McRaven was the recipient of a $50 million grant from TechGod Jeff Bezos in 2024. One investigative journalist became concerned when he looked into this award.
This Week followed the practice most American media employs of not disclosing Admiral/General PEU ties. There was nary a word about McRaven's slots at Lazard, Haveli or TPG. He likely could not talk about his experience at Palantir due to a non-disclosure agreement. TechGod of Spying Alex Karp cut his teeth protecting the globe's rich and powerful.
Politicians Red & Blue love PEU and their new TechGod/CryptoBro brethren. Increasingly, more are one. And for that the little people suffer.
Update 5-11-26: TPG is part of the PEU tie up with OpenAI, valued at $10 billion at formation. OpenAI is guaranteeing the PEU investors a 17.5% return. That sounds like PEU level puffery.
CNN's Michael Smerconish took the side of billionaire hedge fund giant Ken Griffin after New York Mayor Zohran Mamdani used Griffin's $238 million penthouse as a prop in his "tax the rich" announcement.
Smerconish reflected on the state of mental health in America by suggesting such an reference could put a target on Griffin's head.
Not having wealthy people support local, state and national government to the best of their ability has been a multi-decade long theme for both political parties. The benefit list includes tax cuts, loosening regulations, direct support for their sports teams, economic development incentives, tax abatements, preferred loans and now direct equity stakes.
Griffin's $238 million New York penthouse is valued at $9.4 million for tax purposes. That is a blistering 96% discount. This fact was not mentioned in Smerconish's story.
The Red Team and Blue Dogs (Blue Team) still push through legislation benefiting the wealthy. Progressive Democrats in Congress are a small minority.
Smerconish's poll showed 51% agreeing with the host that naming Griffin would hurt the Blue Team. The other 49% said it would not.
His next guest returned for his near weekly appearance since Trump II attacked Iran, Admiral James Stavridis. Only once in the last few months has the host disclosed Stavridis' full time job, Vice Chair for The Carlyle Group, a politically connected private equity underwriter (PEU).
Carlyle virtually wrote the book on how to influence the federal government and tap its coffers after it formed in Washington, D.C. in 1987. Former Defense Secretary Frank Carlucci was Chairman and Vice Chairman from 1989 to 2003. President George W. Bush served on the board of directors of Carlyle affiliate CaterAir before his election to the White House. Carlyle profited from his two wars, Afghanistan and Iraq.
Carlyle is ready to win again on defense firms and James Stavridis is guiding the ship.
PEUs kept their preferred (and widely hated) carried interest taxation, crafted legislation alongside friendly Congress members (coining term "policy making billionaire"), purchased companies serving Uncle Sam's present and future needs, later flipping those for huge profits (also preferentially taxed).
Along the way PEUs sent U.S. jobs by the junk-load to China and Southeast Asia,. They loaded affiliates up with debt, interest and management fees placing them in a precarious financial position after the PEU cashed out. Workers, the ones lucky enough to remain employed, saw a long period of stagnant wages and worsening benefits. The winnings from their hard work went to executives and investors.
One PEU founder even funded Jeffrey Epstein's child sexual abuse, paying the pedophile for tax advice. That was Apollo co-founder Leon Black.
It was a long sordid road that led us to today where Politicians Red & Blue love PEU and their new TechGod/CryptoBro brethren. Increasingly, more are one.
Ken Griffin for President? Kneel before the Gods of Capital, as our elected officials and media frequently do. I'm pretty sure I heard the choir sing this morning, ably directed by Mr. Smerconish.
An insane person "who may get a gun" is not a reason to be quiet on disturbing societal arcs. That in itself is a different trend and worth separate examination.
The 2026 Milken Global Conference is in its second day. Founder Michael Milken is the former Junk Bond King who perfected leveraged buyout organizations (LBO). LBOs have since been renamed private equity underwriters (PEU) and they turned out in droves yet again for the conference, nicknamed California Davos.
Also in attendance at the event are TechGods and elected officials of both political stripes. TechGods shifted heavily to the political Red Team, attracted by access to Uncle Sam's wallet and holding off any regulatory oversight. If TechGods are known for anything, it's their ability to harm innocents as well as offer abysmal customer service.
Any decent elected official would not offer these people carte blanche anything, much less overlook widespread intellectual property theft while continuously cutting their taxes.
Not pictured for the Red Team is Glenn Youngkin, both a PEU and former Governor of Virginia. He is at the event and was interviewed this morning on the future of American politics by none other than Rahm Emanuel. Both men have PEU ties, Youngkin with The Carlyle Group and Emanuel with Centerview Partners.
Just as PEUs can be on both sides of a deal (debt/equity), they can sit on both sides of an interview and occupy both sides of the political aisle.
Not pictured is former first lady Jill Biden and former Defense Secretary Lloyd Austin. They are also speakers.
Global tamperers gather regularly throughout the year. It's nice the Politicians Red & Blue love PEU and their new TechGod/CryptoBro brethren. Increasingly, more are one.
Update: Milken's program description stated Rahm would interview Youngkin. The actual session showed a moderator from WSJ:
I added the logos of their respective PEUs and the quote at the bottom of the slide.
Trump's memecoin ($TRUMP) may soon be renamed given its loser status. An invite to the "most exclusive crypto and business conference in the world" provided no lasting increase in his memecoin's price. $TRUMP has fallen since the event.
$TRUMP holders may be so disappointed that they come down with a case of TDS, "Trump Disappointment Syndrome." It's growing exponentially as people watch Trump II flail about.
His approval rating is sinking like a $TRUMP memecoin. That requires the big money boys to act. TechGods, PEUs and CrypytoBros may be tiring of him always calling with his hand out. Middle East Sovereign Wealth Funds are livid over Trump's jacking up of the Strait of Hormuz.
The big money boys are sending messages left and right to Trump II. LIV Golf which held events at Trump golf courses - gone. Funneling money to Trump II and his family via $TRUMP - evaporating. We'll see if those Middle East real estate ventures remain on track.
Former MAGA mouthpieces are finally waking up and saying the man isn't very Christian. Tucker Carlson asked recently if Trump is the anti-Christ (a favorite topic of TechGod Peter Thiel). At the Doha Forum in December Tucker announced his purchase of a home in Doha, Qatar.
Carlson said being around Trump is like a hashish high due to his supernatural powers. I didn't realize bullying was a supernatural power. A bully in the White House has many ways of amplifying the power differential.
When the King holds court, loyal attendants must be nearby in case they are summoned. A schedule is a plea from the supplicant and the King will address it at his leisure. He will get to you if you are important enough. If not, you can return another day.
Supplicants query as to the mood of the King. Once a person leaves the Oval Office looking as if they have been violated, the line disappears. It only reforms after an "all clear" from the King's attendant.
It's a total loss of agency. Trump usurps everything. The system is set up for the bully's will to prevail, for his image to be elevated and your voice to be diminished. The best one can do is come out with a little trinket. His enforcers will ensure they finish off whatever damage Trump started.
What took you people so long? You've been immersed in a dysfunctional, sick, twisted system for a decade. Plenty of people in that same system noticed his savage whims and worked hard to stop Trump's return to office.
The big money boys and their think tank stooges have decided Trump is done. The framing is underway. Beware the next person they tap in. They will likely be far more slick and refined.
Trump is too brash, arrogant and self-absorbed to sell the dumping of Social Security or Medicare. The public won't buy. He couldn't even sell a war against religious tyrants.
Relatively untaxed TechGods have a taste of Uncle Sam's treasure and they want far more for themselves and less for the little people (upon whom they spy, addict, harm, track, belittle and no longer employ).
That means wrapping AI in Christian missionary terms, like savior. It will create heaven on earth (or Mars). It means returning the church to its Roman days, when the church provided for the social needs of members. Did Marco Rubio preview that in his meeting with Pope Leo?
$TRUMP has a new Trump Coin Club.
How about an invitation only meeting/private dinner with the Pope? Was that Marco's play?
It's $TRUMP's third leaderboard in honor of our world bleeder of souls.
Politicians Red & Blue love PEU and their new TechGod/CryptoBro brethren. Increasingly, more are one. One side is very unhappy. The big money sponsoring American politicians is not getting value for their investment and their one skill is upending apple carts. Lots of bruising is on the horizon.
Update 5-7-26: Trump II had to reverse Project Freedom in the Persian Gulf after Saudi Arabia would not allow U.S. military jets to use bases in their country to support the operation. The Crown Prince may not have wanted more Iranian blowback from Trump II's savage whims.
Former private equity underwriter (PEU), U.S. Senator and College President Ben Sasse believes TechGods usurping of God's various realms will bring challenges but eventually pave the way for a renewed community based on family, neighbor and a spiritual rebirth which respects faiths of all stripes.
Sasse is charitable in not projecting social media and other addictive harms forward to AI. He never strikes out at obvious imbalances brought on by arrogance and greed, the poster children of such are PEUs and TechGods. Sasse noted their political benefactors who favor self over service and use language to divide while scoring short term wins.
Sasse irritated me in the past as I considered his "loneliness" epidemic to be "leadership abandonment" of common folk. No more.
I am grateful to have heard his words. They are needed given the number of dark arcs rising at home and across the globe where leaders impose widespread harm on their populations for the sake of appropriation of power and resources.
To his warning I add my own. Politicians Red & Blue love PEU and their new TechGod/CryptoBro brethren. Increasingly more are one and for that, citizens suffer.
Update 5-3-26: My wise friend believes Sasse served the PEU class and himself and did not hear much in the way of regret on these fronts, other than the cardboard box of hotel room keys.
I find it kind of funny for a man that preaches community to always be taking away from others as part of a policy strategy. Maybe our dear friend Ben has never dealt with financial insecurity, obsolescence, and deprivation. These things create stress, especially when the leaders do all of the taking and none of the listening.
To make reference to Edmund Burke given his critique of the French Revolution (extreme inequality among the masses) in an interview to quell the polarization of the nation struck me as a dance meant for another floor.
His use of the word capitalism and regulation signified it's not the system but the player's responsibility. Oh that's right he's a Calvinist. I'm still not even sure what that word is given the predeterminism and elitism of its religious philosophy.
He spoke about technology being the core of our problems but it didn't stop him from taking money from Microsoft and Google.
I also wonder how it feels to have worked against health care for the masses and now needing so much for himself.? God works in strange ways.
I wonder how others in a similar terminal health situation do if they are not set up financially with a salary for not working and a home that doesn't require rent? Maybe I am being too harsh but I felt it's too choreographed.
My daughter went to the University of Florida So I remember the budgetary changes plus his over the top parties for friends. It's a real poor community in Gainesville. Charity begins at home. Soup kitchens anyone?
Sasse did not own up to the harms he encouraged, implemented and enabled in his various roles where money flowed to him and his various peer sets. My wise friend made that clear.
It's interesting to note the multiple themes the political realm has going at the moment:
1. The return of actually living the Gospels within Christianity (contra Trump - the penultimate Old Testament King).
2. The earthly heaven that awaits due to AI and technological advances
3. The need for the government to structure, fund and subsidize these corporate efforts while cutting actual services for people.
4. Gospel speaking Government may be a set up to shift the burden of "people care" to the Church.
The pairing of the first three should be nails on a chalkboard given the widespread harm TechGods have already inflicted on society, Trump II's history of savage whims and his close advisors' buffoonery, maliciousness and operational incompetence.
Trump II will need to be jettisoned for the fourth shift to occur as any move needs to appear to be a peer to peer transfer. Trump has no peers and his takedown of the Pope is going away as his war on Iran.
If God has predetermined that Elon Musk lives forever and garners 200 million shares of SpaceX then let it be so. I think that's earthly machinations dangled by TechGods to steer attention away from their actual magic, picking Uncle Sam's wallet and mobilizing regulatory heft toward meeting their obscene, outsized needs (to the detriment of the common person's agency. privacy and integrity).
The moral fiber of the oligarchs and financiers is negligible, and their concern for others is worse.
It's not that they simply do not care. They see the rise of lawlessness as government is undermined as an advantage.
If the great mass of people are impoverished and impaired, it makes the country all the more pliable for their depraved plans of inhuman acquisition and control.
This is being propagated from the top, from several seats of worldly power. And the weak-willed and the corruptible are being taken up in this maelstrom of malevolence.
But whatever happens, you can certainly affect how you act, how you choose to respond.
And this is what, in the end, really matters. This is what it is all about. Little will remain in the relative blink of an eye, except for your soul. That is what this is all about.
There are people who see and say something. I am grateful to them all.
A serious economic dislocation is gathering on the horizon. And the captain and crew of the goodly ship of state are busy looting the purser's office, and walking the decks saying 'all is well'.
Who could have seen it coming?
The Trump boys and Dominari strike again. They plan to shift a NASDAQ company from resurfacing existing building exteriors into a rare minerals juggernaut. And it will do so with Uncle Sam's help.
Skyline Builders Group Holding Limited (NASDAQ:
SKBL) is a Cayman Islands exempted company with limited liability with
its main assets focused on the construction industry in Asia. In
the third quarter of 2025, a group of US investors, led by American
Ventures, took control of SKBL via a significant cash injection with
a goal to divest of the legacy Asian construction business and acquire
assets in the critical material supply chain. SKBL seeks to become
a highly strategic supplier of critical minerals and nuclear fuels and
will focus on supplying customers in the United States preferentially
over customers in other regions to ensure that US customers have access
to the critical materials they require. In November 2025, SKBL
announced that it had subscribed for an approximate 20% membership
interest in an LLC involved in the critical materials supply chain.
In April 2026, SKBL announced a Transaction Agreement to effect a
business combination with Cove Kaz, a U.S.-backed critical minerals
development company focused on advancing strategic resource projects in
Kazakhstan.
American Ventures has three funds associated with Skyline Builders. SEC filings reveal the first (American Ventures LLC, Series XIX SKBL) was for $17.5 million (9-9-25)
The second (American Ventures LLC, Series XXXII SKBL II) for $30 million (12-9-25) and the most recent (American Ventures LLC, Series XIII SKBL III) for $20 million (3-27-26). It also has one associated with KAZ (American Ventures LLC, Series XLI Kaz) at $14.3 million (3-30-26).
Was American Ventures/Dominari on both sides of the deal prior to bringing the two companies together for fees? If so, how private equity or Elon Musk of them.
Dominari ran a $3 million private placement for Skybuilders on 3-30 for 2Shores American GP Corp. The filing has no other information on who is behind 2Shores American GP Corp. The address listed is associated with a $400,000 promissory note (at 18% interest) for Simply, Inc by Taylor Capital (1-26-2021). As the address is a 6,000 square foot home in Fort Lauderdale there is no assurance that this is the same person or company. That said, someone in South Florida got in on the deal prior to big merger announcement.
For the Projects, the Export-Import Bank of the United States (EXIM) has issued a Letter of Interest for up to $900 million in project financing, and the U.S. International Development Finance Corporation (DFC) has issued a Letter of Interest for up to $700 million. Cove Kaz will be responsible for marketing 100% of project output and has entered into a Letter of Intent with the International Trade Administration at the U.S. Department of Commerce to prioritize U.S. Government and American commercial needs. Total development costs are estimated at approximately $1.1 billion.
The investor slide deck on the merger cites "exceptional U.S. government support."
Dad's White House is at the top of the various government agencies aiding the Dominari/American Ventures effort.
They also recently invested in a Bermuda bank, hoping to turn it into a major stablecoin player.
The Carlyle Group, a politically connected private equity underwriter (PEU), once owned a Bermuda bank, Biutterfield Bank. Carlyle requires its affiliates to buy from other owned companies even if the price is not the best or if it received lesser quality. It also did its own broker work and compliance reviews, so no conflicts of interest anywhere!
The Trump boys make bank on Dominari deals in similar fashion. They have a stake in the affiliate, get a cut of the fees which magnifies the value of their Dominari equity holdings. It's a cycle, which tainted by political connection and the absurd volume of winnings, is distinctly greedy and unvirtuous.
Politicians Red & Blue love PEU and their new TechGod/CryptoBro brethren. Increasingly, more are one and their sons shall be far richer than their fathers.
"Dad, Dad...can we sell the federally subsidized tungsten using stablecoins? Can we Dad?"
Update 5-11-26: Cradle.co ran a story about the sons and their Dominari/American Ventures holdings.
