This is exactly the sort of smear that the media has been using against Jared and Ivanka. Yet it’s curiously uninterested in talking about these issues when it comes to their own candidates.
What Hunter Biden, the son of America’s vice president, and Christopher Heinz, the stepson of the chairman of the Senate Committee on Foreign Relations (later to be secretary of state), were creating was an international private equity firm. It was anchored by the Heinz family alternative investment fund, Rosemont Capital. The new firm would be populated by political loyalists and positioned to strike profitable deals overseas with foreign governments and officials with whom the US government was negotiating.
That’s right. Biden’s son and Kerry’s stepson were in business together. The sons of the two leading administration foreign policy figures in Obama Inc. were doing business with foreign countries.
The three friends established a series of related LLCs. The trunk of the tree was Rosemont Capital, the alternative investment fund of the Heinz Family Office
John Kerry, please pick up the red courtesy phone.
The small fund grew quickly. According to an email revealed as part of a Securities and Exchange Commission investigation, Rosemont described themselves as “a $2.4 billion private equity firm co-owned by Hunter Biden and Chris Heinz,” with Devon Archer as “Managing Partner.”
That’s quite successful for two guys operating out of Washington D.C.
Less than a year after opening Rosemont Seneca’s doors, Hunter Biden and Devon Archer were in China, having secured access at the highest levels. Thornton Group’s account of the meeting on their Chinese-language website was telling: Chinese executives “extended their warm welcome” to the “Thornton Group, with its US partner Rosemont Seneca chairman Hunter Biden (second son of the now Vice President Joe Biden).”
The purpose of the meetings was to “explore the possibility of commercial cooperation and opportunity.” Curiously, details about the meeting do not appear on their English-language website.
Also, according to the Thornton Group, the three Americans met with the largest and most powerful government fund leaders in China — even though Rosemont was both new and small.
The timing of this meeting was also curious. It occurred just hours before Hunter Biden’s father, the vice president, met with Chinese President Hu in Washington as part of the Nuclear Security Summit.
That’s quite impressive.
Most people who start a fund don’t suddenly get access to top Chinese leaders. And the timing is fantastic. Hunter Biden was meeting with Chinese government fund leaders while his father was meeting Hu.
If this was the Trump family, it would be on the front page of the New York Times. But since it’s Biden, it’s just business as usual.
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