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Donald Trump Jr. Joins the State-Pension-Fund Industrial Complex

Donald Trump Jr. Joins the State-Pension-Fund Industrial Complex

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Ira Stoll
Mar 10, 2025
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The Editors
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Donald Trump Jr. Joins the State-Pension-Fund Industrial Complex
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Donald Trump Jr. is a partner in a company seeking to raise billions of dollars from “public pensions in Republican-controlled states,” Bloomberg reports.

1789 Capital—a firm that lists Donald Trump Jr. as a partner, and also the company mentioned here in the December 18 post “Who Is Omeed Malik?” as a $15 million investor in Tucker Carlson—has attracted $500 million in investment since Inauguration Day, Bloomberg News reports.

“It’s aiming to collect $1 billion for its first fund by mid-2025 and then $3 billion to $5 billion for a second fund next year, according to a person familiar with the efforts. (1789 declined to comment on any of its fundraising plans.) Among the clients it hopes to woo: endowments and public pensions in Republican-controlled states,” the Bloomberg article reports.

The phrase “public pensions in Republican-controlled states” elicited a cackle here at The Editors.

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