Former Treasury Secretary Steven Mnuchin is planning to launch an investment fund backed by some of the Middle East nations he frequently traveled to while in office, a move that could . T he SoftBank [9984.T] share price popped on 21 September after the conglomerate agreed to back high-profile investment banker and former Treasury secretary Steve Mnuchin's (pictured) new $2.5bn private equity fund.. Liberty Strategic Capital was launched earlier this year by Mnuchin, who managed all things fiscal during the Donald Trump Administration. By Syndicated Content Sep 20, 2021 | 11:46 AM. Mnuchin, who is worth approximately $300 million, has much of his wealth tied to the stock prices of large corporations. Mnuchin stepped down from the Sears board in early December. Former Treasury Secretary Steven Mnuchin is planning to launch an investment fund that will be backed by sovereign wealth funds in the Persian Gulf region and other investors, the Washington Post . This new funding will reduce SoftBank's dominance in the company and was done in full cooperation with them. Most of the money raised for Washington D.C.-based Liberty Strategic Capital came from sovereign wealth funds in the Middle East, including Saudi Arabia's Public Investment Fund, the report added, citing people familiar with the matter. Mnuchin declined to respond to those questions. Former Treasury Secretary Steven Mnuchin is reportedly launching a new investment fund that is expected to be partially backed by reserves in the Persian Gulf region. Steven Mnuchin has begun hiring staff for an investment fund likely to focus on the financial technology and entertainment sectors, people familiar with the plans said. Liberty Strategic Capital is the private equity firm set up earlier this year by former US Treasury secretary Steven Mnuchin. The private equity firm led a $275 million funding round in cybersecurity company Cybereason in July. Back in July, Mnuchin appeared on CNBC to generate press for his PE firm's $275MM investment in Cyberreason, a company that focuses on cyber security and preventing cyber attacks. In February, the Washington Post reported Mnuchin was launching an investment fund with funds from sovereign wealth funds in the Gulf States. Bloomberg News put names and numbers on that this week, reporting that Mnuchin's firm, Liberty Strategic Capital, had raised $2.5 billion, largely from the Middle East, including . Mnuchin started hiring staff for an investment fund that would seek backing from Persian Gulf State funds, the Washington Post first reported inFebruary, citing people familiar with the plans. Earlier this summer Mr. Mnuchin opened an office in Tel Aviv, Israel, and he has raised money from Saudi Arabia's Public Investment Fund. Most of the money raised for Washington D.C.-based Liberty Strategic Capital came from sovereign wealth funds in the Middle East, including Saudi Arabia's Public Investment Fund, the report added, citing people familiar with the matter. Mnuchin started hiring staff for an investment fund that would seek backing from Persian Gulf State funds, the Washington Post first reported in February, citing people familiar with the plans. Emil Salman/Pool/AFP via Getty Images. Cybereason is the fund's first investment. (Reuters) - Steve Mnuchin, a former Goldman Sachs executive who served as U.S. Treasury secretary during the Trump administration, has raised $2.5 billion at his private equity firm, according to a Bloomberg News . Liberty Strategic is opening an office in Tel Aviv. Former Treasury Secretary Steven Mnuchin's new investment fund is flush, courtesy of some of the same Middle Eastern countries he courted closely when he was one of the most powerful U.S . Bloomberg News put names and numbers on that yesterday, reporting that Mnuchin's firm, Liberty Strategic Capital, had raised $2.5 billion, largely from the Middle East, including Saudi Arabia's Public Investment Fund. Prior to joining Trump's administration, Mnuchin spent 17 years at Goldman Sachs before leaving in 2002, when he launched Dune Capital Management. Former U.S. Secretary of the Treasury Steven Mnuchin runs his investment fund Liberty Strategic. Contrast Security Raises $150M Led By Former Treasury Secretary Mnuchin's Equity Fund. October 27th, 2021, 5:42 AM PDT. October 7th, 2021, 9:08 AM PDT. Bloomberg News put names and numbers on that yesterday, reporting that Mnuchin's firm, Liberty Strategic Capital, had raised $2.5 billion, largely . Steven Mnuchin has started his next act with a multibillion-dollar fund for private equity investments. Most of the money raised for Washington D.C.-based Liberty Strategic Capital came from sovereign wealth funds in the Middle East, including Saudi Arabia's Public Investment Fund, the report added . Steven Mnuchin, Founder, Liberty Strategic Capital and 77th United States Secretary of the Treasury speaks with Bloomberg . . The Washington Post reported back in February that he was considering launching an investment vehicle backed by sovereign wealth funds in the Persian Gulf region. Steven T. Mnuchin, who was the Treasury secretary under President Donald J. Trump, has raised $2.5 billion for his new private equity fund, attracting investments from sovereign wealth funds in . Mnuchin started hiring staff for an investment fund that would seek backing from Persian Gulf State funds, the Washington Post first reported in here, citing people familiar with the plans. Steven Terner Mnuchin (/ m ə ˈ n uː ʃ ɪ n / mə-NOO-shin; born December 21, 1962) is an American investment banker and film producer who served as the 77th United States secretary of the treasury as part of the Cabinet of Donald Trump from 2017 to 2021. Prior to joining Trump's administration, Mnuchin spent 17 years at Goldman Sachs before leaving in 2002, when he launched Dune Capital Management. SoftBank Group will invest in a $2.5 billion private equity fund set up by former U.S. Treasury secretary Steven Mnuchin, the Japanese conglomerate said on Wednesday without disclosing the size of . Why it matters: Yossi Cohen, director of the Mossad, is retiring next week. SoftBank Group will invest in a $2.5 billion private equity fund set up by former U.S. Treasury secretary Steven Mnuchin, the Japanese conglomerate said on . Former Treasury Secretary Steven Mnuchin's new investment fund is flush, courtesy of some of the same Middle Eastern countries he courted closely when he was one of the most powerful U.S . Previously, Mnuchin had been a hedge fund manager and investor.. They appear to be a nod to Mnuchin's prior job: He was the 77th U.S. Treasury secretary. steven mnuchin net worth 2021colby college admitted students May 21, 2021 / in nike french terry shorts black / by / in nike french terry shorts black / by Before heading the Treasury Department, Mnuchin was a Wall Street executive and movie producer. As a Hollywood financier, he also made investments in movies such as "Avatar", "Mad Max: Fury Road" and "Suicide Squad". Former U.S. Treasury Secretary Steven Mnuchin raised about US$ 2.5 billion at his firm Liberty Strategic Capital. Mnuchin's frequent visits to the Middle East while serving in the Trump administration demand serious scrutiny given a recent Washington Post report that he is "planning to start an investment fund that is expected to raise money from sovereign wealth funds in the Persian Gulf region." Mnuchin, a movie producer and financier before being tapped as U.S. Treasury secretary for . Sept. 20, 2021. The fund was began earlier this yr by Mr. Mnuchin, who […] Upon graduating from Yale University in 1985, Mnuchin joined the . The Washington Post reported back in February that he was considering launching an investment vehicle backed by sovereign wealth funds in the Persian Gulf region. Japan's SoftBank has followed Saudi Arabia's Public Investment Fund and Abu Dhabi's Mubadala in backing a new $2.5bn private equity fund set up by former US Treasury secretary Steven Mnuchin . The Washington Post reported . So why does Trump's . WASHINGTON - Steven Mnuchin, who was treasury secretary in the Trump administration, is planning to start an investment fund that is expected to raise money from sovereign wealth funds in the . Prior to joining Trump's administration, Mnuchin spent 17 years at Goldman Sachs before leaving in 2002, when he launched Dune Capital Management. As a Hollywood financier, he also made investments in movies such as "Avatar", "Mad Max: Fury Road" and "Suicide Squad". Former Treasury secretary Mnuchin raises $2.5 billion for fund . The news of Mnuchin's fund comes via Bloomberg. ©2021 Bloomberg L.P. Saudi Arabia's Public Investment Fund is rumored […] Steven Mnuchin Forgot to Mention He Runs an Investment Fund in the Cayman Islands. Updated Sep 22, 2021, 1:26 PM IST. The fund, with the backing of Persian Gulf state finances, will have . 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