Steve Mnuchin raises $2.5 billion for private equity fund w/backing from Saudi Arabia

[DickKessler]

By Alan Rappeport

Sept. 20, 2021

WASHINGTON — Steven Mnuchin has raised $2.5 billion at his new private equity fund, according to people familiar with the matter, attracting investments from sovereign wealth funds in the Middle East, including Saudi Arabia, where he traveled extensively as Treasury secretary.

The fund was started this year by Mr. Mnuchin, who served as former President Donald J. Trump’s Treasury secretary for his entire term, and is focused on technology and financial services investments. This summer, Mr. Mnuchin opened an office in Tel Aviv, and he has raised money from Saudi Arabia’s Public Investment Fund.

………….

The scale of Mr. Mnuchin’s fund and its investments from countries where he traveled as Treasury secretary have raised questions about whether he used his government role to enrich himself.

https://www.nytimes.com/2021/09/20/us/politics/mnuchin-saudi-private-equity.html


“Raised questions”…I think those questions answer themselves!

[spanone]

1. whether he used his government role to enrich himself?

[DickKessler]

2. Hey, NYT needs to be "fair and balanced" in its reporting.

LOL.

[LakeArenal]

3. Yet people still have faith in him.

🤯

[brush]

4. Hey, he's gotta do something to keep that high-maintenance wife of his happy.

Just another trump admin alumi crook who will soon be buying up corps and raiding their pension funds as they ship jobs overseas, or buying pharma outfits and raising the price of their drugs to exorbitant levels.