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." While Schwerin has not personally been accused of any wrongdoing, his deep personal and financial ties to both Joe and Hunter Biden continue to cast doubt on past claims from President Biden that he had no involvement in his sons business dealings. According to financial reports, RSTP led the companys first round of fundraising, which totaled $30 million. Want to better understand the liquidity risk and saleability of your portfolio? He co-founded it with John Kerrys stepson Christopher Heinz. industries Portfolio Management: Rosemont Seneca Part. window.googletag.pubads().addEventListener('slotOnload', function(event) { We are no longer just done as business partners you should consider moving to somewhere in Florida Ill never go. Hunter Biden walks to Marine One on the Ellipse outside the White House May 22, 2021, in Washington, DC. No affiliation or endorsement, express or implied, is provided by their use. 6 facts about Hunter Biden's business dealings in China - New York Post After Hunter Bidens aunt Valerie Biden Owens finished a four-month stint at the United Nations in September 2016, Schwerin sent a memo to Hunter Biden outlining a plan for Aunt Val to handle consulting projects at the Biden Foundation and University of Delaware, with each gig paying $12,500 per month, according to Miranda Devines book Laptop from Hell.. After bouncing around some cushy banking gigs in Delaware, he landed at Commerce as a policy director specializing in the burgeoning Internet economy,according to the New Yorker. With the backing of the state-owned Bank of China, one of the countrys big four financial institutions, BHR had access to the types of deals that most Western firms only dreamed of, including IPOs of state-owned companies. Co-founder and Managing Partner. The pair hit it off. } Metabiota has partnered with both EcoHealth Alliance and with the Wuhan Institute of Virology. Seneca is located in Southeast Michigan and invests in profitable businesses with EBITDA of $2 million to $20 million+ based in the U.S. and Canada. But even if true, the potential payouts are significant. hitType: 'event', Schwerin received Joe Bidens Delaware tax refund check while he was vice president and the two talked by phone about the Joe Bidens mortgage. According to reports, the corporation exacerbated an already chaotic situation, prompting World Health Organization authorities to denounce it: Emails obtained by AP and interviews with aid workers on the ground show that some of the companys actions made an already chaotic situation worse. When he isn't writing or performing, he is collecting surf records and practicing his mixologist skills at his tiki bar. His birthday was noted in Politico Playbook and he served as chairman of 826DC, a trendy non-profit dedicated to helping students develop creative and expository writing skills.. }) Joe Biden has consistently denied any involvement in his sons shady foreign businesses.