Donald Trump Jr. is joining a venture capital firm with an eye on investing in conservative companies rather than taking up a role in his father’s White House administration, according to multiple reports.
The New York Times first reported that Trump Jr. is joining 1789 Capital, a firm whose portfolio includes Tucker Carlson’s media startup.
Reuters said 1789 Capital is based in Palm Beach, Florida, which is also home to Donald Trump’s Mar-a-Lago private club and residence, and it’s named after the year the Bill of Rights was drafted.
The company is owned by entrepreneur Chris Buskirk, financier and Trump donor Omeed Malik and powerful conservative donor Rebekah Mercer.
Trump Jr. will be a partner at the firm, which invests in companies that champion a right-wing worldview. On its website, the business states it is “anti-ESG,” or investments in environmental, social and governance issues that critics would doubtless describe as “woke.”
The move represents a gear shift for the eldest of the president-elect’s offspring, who spent months stumping for his father on the campaign trail.
In August, Trump Jr. was announced as a key member of the White House transition team. The 46-year-old told Fox News in the aftermath of the Republican presidential win that he would be “heavily involved” in choosing who sits in his father’s Cabinet, a process already underway.
“I want to make sure, now that we know who the real players are, the people who will actually deliver on the president’s message, the people who don’t think that they know better than the duly elected president of the United States,” he said on the “Fox & Friends” show.
Trump Jr. also reportedly played a key part in getting Sen. JD Vance (R-Ohio) picked as his father’s vice presidential running mate.
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And there’s a link between Vance and 1789 Capital. The seeds of 1789 Capital were sown at a meeting of the conservative donor group Rockbridge Network, which was set up by Vance and Buskirk, Reuters reported.
The venture capital firm has pumped $15 million into Last Country Inc., former Fox News anchor Carlson’s company, the news agency added.