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For Clintons, a Hedge Fund in the Family (Published 2015)

Reported by The New York Times
Mar 22, 2015· 2 min read
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Key Takeaways
  • • Marc Mezvinsky, Chelsea Clinton's husband, leveraged family connections to raise tens of millions of dollars for hedge fund Eaglevale Partners beginning in 2011, with investor capital attributable to longtime Clinton supporters and associates.
  • • Eaglevale's investor base included prominent hedge fund managers Marc Lasry and James Leitner, Goldman Sachs CEO Lloyd C. Blankfein, a Rothschild family-connected overseas money management firm, and multiple Goldman Sachs personnel, many of whom had prior financial relationships with Bill and Hillary Clinton.
  • • Several Eaglevale investors had contributed campaign funds to Bill and Hillary Clinton's political campaigns and donations to the Clinton Foundation, creating a direct nexus between family political activities and Mezvinsky's fund-raising efforts.
  • • The arrangement illustrates how proximity to prominent political figures can facilitate access to high-net-worth investor networks in the alternative asset management space, particularly ahead of anticipated political campaigns.
Summary
Marc Mezvinsky, a money manager who married Chelsea Clinton five years prior to this March 2015 reporting, has leveraged his family connections to establish and capitalize Eaglevale Partners, a hedge fund firm launched in 2011. Beyond high-profile appearances at Clinton Foundation events and NBA games alongside former President Bill Clinton, Mezvinsky gained substantive financial benefits from his family association: access to a network of wealthy investors with established ties to the Clinton political and philanthropic ecosystem.

When Mezvinsky and his partners began fundraising for Eaglevale in 2011, tens of millions of dollars in committed capital flowed from investors with documented relationships to the Clinton family, according to financial documents reviewed by The New York Times. This investor base encompassed several categories of financial actors: prominent hedge fund managers including Marc Lasry and James Leitner; an overseas money management firm connected to the Rothschild family; and multiple senior executives and staff from Goldman Sachs, notably including Chief Executive Lloyd C. Blankfein.

The investor relationship extends beyond transactional capital deployment. Many Eaglevale backers maintained concurrent financial ties to Clinton political activities—some had contributed campaign funds to Bill and Hillary Clinton's electoral efforts, while others had made donations to the Clinton Foundation. This convergence of investment, political contribution, and philanthropic support underscores the financial ecosystem surrounding prominent political figures and the tangible capital access afforded to family members positioned within that network. The timing of Eaglevale's 2011 formation preceded Hillary Clinton's widely anticipated 2016 presidential campaign, a period when such investor networks typically activate to support anticipated political endeavors.

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Sources

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AlphaMaven summarised this story from the reporting below. Each link opens the original article.

The New York Times For Clintons, a Hedge Fund in the Family (Published 2015)