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Its chairman, Ye Jianming, was arrested by the CCP in February 2018 and has never been heard from since. Rosemont Seneca Partners had been negotiating an exclusive deal with Chinese officials, which they signed approximately 10 days after Hunter visited China with his father. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. James Bulgers father, Whiteys younger brother, Billy Bulger, serves on the board of directors of the Thornton Group. I am also not a political person. The T was Thornton. The small fund grew quickly. The payments ran from the spring of 2014 through the fall of 2015 and reportedly totaled more than $3 million. In September 2015, when AVIC bought 51 percent of American precision-parts manufacturer Henniges, the other 49 percent was purchased by the Biden-and-Kerry-linked BHR. Rosemont Seneca Partners Company Profile: Acquisition & Investors In 2013, Hunter Biden was managing partner in the private equity firm Rosemont Seneca Partners. According to the terms of the email, the agreed-upon remuneration for Hunter Biden and Bobulinski was to be $850,000 each. Though the entire size of the fund cannot be reconstructed, a co-founder who is now detained in China, reports that Bohai Harvest RST is not the $11.5 billion reported, but rather $6.5 billion. Rosemont Seneca and the Bank of China created a $1 billion investment fund called Bohai Harvest RST (BHR), a name that reflected who was involved. Biden's entire investment partnership uses Chinese state money from its social security fund to the China Development Bank. Where Hunter Biden spent the rest of his time on the trip remains largely a mystery. [8], In 2018 Devon Archer was convicted on securities fraud and conspiracy charges.[9][10]. Seneca Partners is an active independent sponsor that focuses on lower-middle market companies in manufacturing, business services, healthcare services, tech services, B to C and specialty finance. Among the companies listed on archived versions of the firms portfolio is Metabiota, a San Francisco-based company that purports to detect, track, and analyze emerging infectious diseases, according to The National Pulse. Rosemont Seneca Partners General Information. He was later arrested, tried, and convicted. In June 2009, Biden co-founded Rosemont . The decision lies with the managing director alone. As per a report by New York Post , a Wikipedia editor named Alex stated that this . Rosemont Seneca Technology Partners (RSTP) . Learn more about the cookies we use. Hunter Biden earned in excess of $3 million while serving on Burisma's board of directors during the Obama administration. One example: the little-noticed private equity firm run by the sons of Democrats Joe Biden and John Kerry, as detailed in this exclusive first excerpt. Hunter Biden also requested that a sign be made for his office stating The Biden Foundation and Hudson West (CEFC US).[10], Among the second set of documents released by the New York Post were emails involving two different business schemes Hunter Biden organized with the Chairman of the Chinese energy company CEFC. The deletion happened Wednesday. Because the chairman is unavailable and his equity according to you has been transferred to the president ( in direct violation of the LLC agreement I am certin [sic] the court will issue subpoenas for both the president and the chairman and if they refuse to comply the court will seek to pierce the corporate veil of CEFC through any of its remaining holdings in the US. Burisma handed him a position on its board despite his lack of experience in the energy industry and in Ukrainian affairs. Biden and Archer created Rosemont Seneca Partners, a sister company to Rosemont Realty.