Key Takeaways
- • 1789 Capital's Growth Equity Fund expanded from $200 million to $2 billion in assets through December 31, 2025, and is now closed to new investors. This tenfold increase within a single year positions the firm as a rapidly scaling player in conservative-aligned venture and growth equity investing.
- • The firm launched a new 1789 Real Estate Fund that has attracted $1 billion in capital in just a few months, targeting South Florida development to capitalize on migration patterns from high-tax states and demand for commercial space, housing, hospitals, and schools.
- • 1789 Capital's portfolio includes major holdings in SpaceX (reportedly seeking public markets valuation near $1 trillion), AI company Groq (which partnered with Nvidia in a ~$20 billion deal in December), and defense technology firm Anduril, demonstrating exposure to both secular growth trends and national security-aligned investments.
- • The firm is co-founded by Omeed Malik and Chris Buskirk with Donald Trump Jr. as a partner, positioning itself as an early mover in "patriotic capitalism" investing focused on U.S. security and competitive advantage.
- • 1789 Capital is targeting $10 billion in assets under management as it expands its portfolio with a focus on artificial intelligence, defense tech, and real estate aligned with domestic demographic and economic trends.
Summary
1789 Capital, the venture and growth equity firm backed by Donald Trump Jr., experienced explosive growth in 2025, with its flagship Growth Equity Fund expanding from $200 million in assets at year-start to $2 billion through December 31, 2025. The fund is now closed to new investors due to its rapid capitalization. This performance aligns with what the firm characterizes as rising momentum in "patriotic capitalism" investing, particularly coinciding with President Trump's second-term administration.
The firm, co-founded by Omeed Malik and Chris Buskirk with Trump Jr. as a partner, has simultaneously launched a new dedicated real estate vehicle—the 1789 Real Estate Fund—which has accumulated $1 billion in capital commitments within several months of inception. This real estate strategy targets South Florida development opportunities, specifically capitalizing on population migration from high-tax blue states like New York. The fund aims to capture demand for commercial real estate, residential housing, healthcare facilities, and educational infrastructure driven by demographic shifts.
1789 Capital's investment portfolio reflects a concentrated thesis on U.S.-centric growth and national security. Notable holdings include SpaceX, which is reportedly preparing for a public market listing with early valuation estimates approaching $1 trillion; AI infrastructure company Groq, which announced a strategic partnership with Nvidia valued at approximately $20 billion in December 2025; and Anduril, a defense technology company founded by Palmer Luckey that develops military applications. The firm maintains approximately 30 high-profile positions across these and other sectors.
The firm's stated objective is to grow assets under management to $10 billion as it continues expanding its artificial intelligence and defense technology portfolios. This growth trajectory, combined with the newly launched real estate fund and sector concentration in emerging technologies and defense, positions 1789 Capital as a significant institutional player focused on domestic investment opportunities perceived as aligned with U.S. economic and security interests.
The firm, co-founded by Omeed Malik and Chris Buskirk with Trump Jr. as a partner, has simultaneously launched a new dedicated real estate vehicle—the 1789 Real Estate Fund—which has accumulated $1 billion in capital commitments within several months of inception. This real estate strategy targets South Florida development opportunities, specifically capitalizing on population migration from high-tax blue states like New York. The fund aims to capture demand for commercial real estate, residential housing, healthcare facilities, and educational infrastructure driven by demographic shifts.
1789 Capital's investment portfolio reflects a concentrated thesis on U.S.-centric growth and national security. Notable holdings include SpaceX, which is reportedly preparing for a public market listing with early valuation estimates approaching $1 trillion; AI infrastructure company Groq, which announced a strategic partnership with Nvidia valued at approximately $20 billion in December 2025; and Anduril, a defense technology company founded by Palmer Luckey that develops military applications. The firm maintains approximately 30 high-profile positions across these and other sectors.
The firm's stated objective is to grow assets under management to $10 billion as it continues expanding its artificial intelligence and defense technology portfolios. This growth trajectory, combined with the newly launched real estate fund and sector concentration in emerging technologies and defense, positions 1789 Capital as a significant institutional player focused on domestic investment opportunities perceived as aligned with U.S. economic and security interests.
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