1789 backed 25 companies in the year after Trump Jr. joined
Reporting and findings
- reported
AP found that 1789 Capital invested in 25 companies during the year after Donald Trump Jr. joined, compared with six investments in the prior two years, and identified portfolio companies pursuing federal contracts, loans, or other government support; the report did not establish that Trump Jr. controlled federal awards.
- Associated Press: New drone maker partly owned by Trump sons hopes to win Pentagon contractsPassages identifying the Trump sons' 1789 roles and PitchBook's 25-company versus six-purchase comparison
Summary and current status
The investment pace increased while multiple portfolio companies pursued federal contracts or support.
AP counted the portfolio expansion and federal-business ties as of March 2026
People and organizations
- Donald J. Trumpfather and sitting president during his sons' private investment activity
- 1789 Capitalrapidly expanded venture portfolio
- Donald Trump Jr.son and 1789 Capital partner
Relationships in this file
- Donald J. Trumpson and partner at 1789 CapitalDonald Trump Jr.
Figures
Investments in AP's post-join comparison25 companies Calculation details
- Basis
- Observed
- Population
- Companies AP/PitchBook identified as receiving 1789 Capital investment during the reported year after Donald Trump Jr. joined
- Period
- 2026-03-11 to 2026-03-11
- As of
- 2026-03-11
- Method
- Observation date: AP's publication date because the source describes a relative one-year comparison but does not publish exact window endpoints.
- Uncertainty
- Publication-date observation of an approximately one-year comparison, not a transaction-date series; the count does not establish that every company received federal business or that Trump Jr. directed awards.
Investments in AP's pre-join comparison6 companies Calculation details
- Basis
- Observed
- Population
- Companies AP/PitchBook identified as receiving 1789 Capital investment during the reported two years before Donald Trump Jr. joined
- Period
- 2026-03-11 to 2026-03-11
- As of
- 2026-03-11
- Method
- Observation date: AP's publication date because the source describes a relative two-year comparison but does not publish exact window endpoints.
- Uncertainty
- Publication-date observation of an approximately two-year comparison; it is not a transaction-date series and should not be read as a normalized annual rate.