Trump Jr.-linked 1789 Capital surges from $200M to $3.5B on ‘America-First’ investment push: Report

Key points

• Donald Trump Jr.-linked venture capital firm 1789 Capital is rapidly emerging as a major force in US private markets, positioning itself around what it calls “patriotic capitalism” and investing heavily in artificial intelligence, defense technology and American-focused businesses.
• The firm’s assets under management have surged from about $200 million to $3.5 billion over the past year as it pursued aggressive investments in some of the sought-after AI companies, according to a report by the Financial Times.
• The expansion highlights how politically connected investors tied to President Donald Trump and his allies are increasingly shaping parts of the American investment landscape.
• What is 1789 Capital?
• 1789 Capital was founded around three years ago by investor Omeed Malik, conservative activist Chris Buskirk and Republican donor Rebekah Mercer.