Mnuchin private equity fund raises $ 2.5 billion

In 2018, following the brutal murder of Jamal Khashoggi, a Washington Post columnist, Mr. Mnuchin skipped the conference but still toured the country and met Crown Prince Mohammed bin Salman. A US intelligence report released in February held Prince Mohammed responsible for the murder of Mr. Khashoggi.

In January 2021, less than two weeks before stepping down, Mnuchin traveled to Saudi Arabia to meet with his finance minister and discuss the fight against terrorism and illicit financing. The trip to the Middle East, which also included stops in Egypt, Sudan, Israel, Qatar, the United Arab Emirates and Kuwait, was cut short amid Mr. Trump’s chaotic transition process.

Mr. Mnuchin returned to the Middle East this year while setting up his fund.

During a trip to Israel in June, he told the Jerusalem Post that he was setting up an office there due to the country’s strength in the cybersecurity and financial technology sectors, which will be the priorities of the government. funds.

“We hope to be considered one of the best strategic partners in these areas,” Mnuchin told The Jerusalem Post.

In July, Mr. Mnuchin’s fund, Liberty Strategic Capital, made a $ 275 million investment in Cybereason, a cybersecurity firm that focuses on ransomware attacks.

Some former Treasury officials have joined Mr. Mnuchin’s new venture. These include Eli Miller, his former chief of staff, and Brian Callanan, who served as general counsel. Joseph F. Dunford, former chairman of the Joint Chiefs of Staff, is also a senior advisor, and David Friedman, former US Ambassador to Israel, heads the Tel Aviv office.

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