Jeb Bush Raising Private Equity Funds as Campaign Weighed

[Purveyor]

By Miles Weiss and Mark Silva Jul 17, 2014 12:58 PM ET

As other Republicans travel the country laying the groundwork for 2016 presidential campaigns, former Florida Governor Jeb Bush is raising private-equity funds for oil and gas ventures.

Bush, 61, whose family made much of its fortune in Texas oil, has teamed with former Credit Suisse Group AG and Lehman Brothers Holdings Inc. bankers to create an investment firm based in Coral Gables, Florida, according to regulatory filings disclosed last month.

In April, his firm Britton Hill Holdings LLC used backing from a Chinese conglomerate to acquire a stake in a Stamford, Connecticut, shipping startup seeking to capitalize on surging Asian demand for U.S. shale oil and gas.

“Governor Bush is a businessman and investor and is proud of the work Britton Hill has done to invest in important projects,” said Kristy Campbell, his spokeswoman. “If Governor Bush becomes a candidate for office, he will review and comply with all necessary business disclosures.”

Since Bush completed his second term as governor in 2007, he’s immersed himself in corporate America, joining the board of hospital operator Tenet Healthcare Corp., advising Lehman Brothers and Barclays Plc and giving paid speeches. The son of a former president and brother of another, he’s also engaged in public debates on immigration and education, and is viewed by some within the Republican Party as well positioned to compete for the White House in 2016. Bush has said he will decide whether to run by the end of this year.

MORE...

http://www.bloomberg.com/news/2014-07-17/jeb-bush-raising-private-equity-funds-as-campaign-weighed.html

[Mass]

1. It seems pretty clear he is not running, even though the media

would love a Clinton-Bush race.

[66 dmhlt]

4. Agreed. No potential candidate would want to lug around this kind of baggage

Not running.

[Mnemosyne]

2. Edit - "Bush, 61, whose family made much of it's fortune from war profiteering," There, fixed it. nt

[blkmusclmachine]

3. So, will Jeb run to the SCOTUS to get the Election results overturned, too?!?!

[KinMd]

5. Not for nothing but...

the last time the Republicans won a presidential election without a Bush on the ticket was Nixon/Agnew in 1972

[anobserver2]

6. Very interesting article; thank you for posting it

It's interesting to me that this article is dated: Jul 17, 2014 -- but it wasn't until a month before that (according to this article), that Jeb Bush had to disclose his role (which he's had since May 2013) in his Britton Hill Holdings, due to: the $100 million under management criteria which then triggers the registration requirement.

From article:

"Britton Hill Holdings was set up in May 2013 but Bush’s role as chairman and part owner wasn’t publicly available information until last month when the firm registered as an exempt adviser with the U.S. Securities and Exchange Commission. Firms only have to do this once they manage more than $100 million."

Also interesting to me how Jeb Bush's investment in U.S. companies fracking in the U.S. happened with money raised overseas, from a "Chinese conglomerate."