Democrats probe Trump Jr investment firm
Archived — this story has rotated out of today’s deck. It is kept here in full.
The gist
Democrats probe Trump Jr's firm 1789 Capital after assets surged from $150m to $3.5bn.
The probe questions whether political ties fueled the firm's rapid growth.
Background
The House Judiciary Committee, led by ranking member Jamie Raskin, has launched an investigation into 1789 Capital, a venture capital firm that has seen explosive growth since Donald Trump Jr. joined as a partner. The firm's assets under management reportedly grew from $150m in 2024 to $3.5bn by May 2026, according to SEC filings. Democrats are seeking records on investments and communications with government officials to determine if the firm's success is linked to political connections.
How it unfolded
- 20241789 Capital reported $150m in assets under management.
- Aug 2025Assets under management reportedly reached $1bn.
- End of 2025Assets under management reportedly reached $2.7bn.
- May 2026Assets under management reportedly reached $3.5bn, according to SEC filings.
- Aug 27, 2026House Judiciary Democrats, led by Jamie Raskin, sent a letter to Trump Jr. and firm founders requesting records by September 9.
Who’s saying what
- Democrats
- The firm's 'miraculous' rise raises questions about whether political connections influenced its success, warranting investigation.
- White House
- In a related Kushner probe, a spokesperson defended the administration's actions, saying Kushner 'sacrificed time with his family and livelihood' for the country.
Still unverified
The exact nature of the firm's investments and any potential conflicts of interest are not yet confirmed; the investigation is ongoing.