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Rosemont Seneca Partners
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Rosemont Seneca Partners is an investment fund firm based in Washington DC.[1][2]The fund was named after the Rosemont Farm, the Heinz family's estate near Pittsburgh.[3]
A summary account
It was founded in 2009[4] by Hunter Biden, Christopher Heinz, and Devon Archer.[1][5]
Hunter Biden's lawyer stated "Hunter Biden had no interest in and was not a ‘co-founder’ of Rosemont Seneca Thornton" [6]
Hunter Biden is the younger son of former American Vice-president and current President of the United States Joe Biden, while Christopher Heinz is the stepson of former U.S. Secretary of State John Kerry.[1][7]
Archer is a businessman who was Heinz's classmate at Yale University.[8]
Heinz ended his business relationship with the firm in 2014 after Biden and Archer joined the board of Burisma, a Ukrainian energy company; Heinz had opposed them joining the Burisma board due to the reputational risk.[9]
In 2015, Rosemont Seneca Technology Partners lead a $30 million Series A funding round for Metabiota.[10]
In 2018 Devon Archer was convicted on securities fraud and conspiracy charges.[11][12]
References
[1]Financial Times. (October 9, 2019). Hunter Biden’s web of interests His ties span the globe and raise questions about the overlap of business and politics
[2]Bloomberg. Rosemont Seneca Partners LLC、Rosemont Seneca Partners LLC is an investment management firm.
[3]Post Gazette( November 29, 2015). “Pittsburgh's charms attract another young professional: Christopher Heinz".
[4]opencorporates.com.“ROSEMONT SENECA PARTNERS, LLC”
[5]The New Yorker(July 1, 2019).“Will Hunter Biden Jeopardize His Father’s Campaign?”(PDF)
[6]USA TODAY(Oct 1, 2020). “Fact check: Claims that Hunter Biden received $3.5M from Russia are unproven, lack context”
[7]The New Yorker. (July 1, 2019). "Will Hunter Biden Jeopardize His Father's Campaign?".
[8]Reuters (October 4,2019).“Explainer: Trump's claims and Hunter Biden's dealings in China”
[9]The Washington Post(September 29, 2019). "The gas tycoon and the vice president's son: The story of Hunter Biden's
foray into Ukraine”.
[10]TechCrunch(May 20, 2015).“Metabiota Pulls In $30 Million In Funding To Help Predict The Global Spread Of Disease”.
[11]Wall Street Journal(Oct. 8, 2020).“Judges Revive Conviction of Hunter Biden’s Ex-Business Partner”
[12]Politico.(October 08, 2020).“Court reinstates fraud conviction for Hunter Biden business partner”