1789 Capital’s assets surge to $3.5B after dealmaking spree
A year ago, 1789 Capital managed roughly $200 million. Today that figure sits at approximately $3.5 billion. That’s a 17x jump in assets under management for a firm that has built its entire brand around being the anti-ESG alternative in private markets.
The venture capital firm, closely associated with Donald Trump Jr., has been on a dealmaking tear that touches real estate, artificial intelligence, and semiconductor technology.
How 1789 Capital got to $3.5 billion
One of the headline moves: a $1 billion fund dedicated to South Florida real estate.
1789 Capital appears on the cap table of Cerebras Systems, the AI chip company that pursued a $5.55 billion IPO. The firm has also been noted alongside major players like Abu Dhabi Growth Fund and G42 in the broader AI investment landscape.
Since 2020, mega-funds have disproportionately attracted new assets under management across private markets, and 1789 Capital appears to have ridden that wave while carving out a distinct ideological lane.
The anti-ESG playbook
The firm has positioned itself explicitly as an “anti-woke” alternative manager, targeting investors who are skeptical of, or outright hostile to, ESG frameworks that have shaped institutional capital allocation over the past decade.
Donald Trump Jr.’s connection to the firm provides built-in name recognition and access to a network of high-net-worth individuals who are politically aligned with the brand.
What this means for investors
Going from $200 million to $3.5 billion means the firm needs to find dramatically more deals, and bigger ones, than it did a year ago. The $1 billion South Florida real estate fund and participation in multi-billion-dollar AI transactions suggest it’s pursuing larger check sizes rather than simply writing more small checks.
The firm does not currently operate a dedicated crypto fund.
