Trump Treasury Secretary Steve Mnuchin Launches $2.5 Billion Private Equity Fund Former Treasury Secretary Steven Mnuchin has just sent the clearest signal yet that he likely wouldn't rejoin a potential second Trump Administration (despite being one of the more successful cabinet members) via reports that the ex-Goldmanite will raise $2.5 billion for a new private equity fund. Mnuchin isn't the only industry giant who is launching a new PE fund amid an explosion of dealmaking spurred in part by the Fed's policy response to the pandemic. Back in July, former Apollo founder Josh Harris announced fundraising plans for his own billion-dollar fund. The news of Mnuchin's fund comes via Bloomberg. Absolutely amazing SCOOP from https://twitter.com/HeatherPerlberg?ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); and https://twitter.com/sonalibasak?ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs");: *STEVEN MNUCHIN RAISES $2.5 BILLION FOR PRIVATE EQUITY FUND "Most of the money is from sovereign wealth funds in the Middle East, including Saudi Arabia’s Public Investment Fund." more on https://twitter.com/TheTerminal?ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); — Brian Chappatta (@BChappatta) https://twitter.com/BChappatta/status/1439956622932070400?ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); According to the report, most of the money will come from the Middle East, including from Saudi Arabia's Public Investment Fund. Remember, Mnuchin was a key player who helped build the Trump Administration's increased closeness with the Middle East. Trump memorably visited Saudi Arabia for his first public official visit after taking office. Tyler Durden Mon, 09/20/2021 - 10:25