BHR Partners - Wikipedia

BHR Partners is a private investment fund founded in 2013 by Chinese and American partners to make investments outside of China.

History [ edit ]

BHR was founded in 2013[1] by Chinese asset managers Bohai Industrial Investment Fund Management Co. and Harvest Fund Management Co. and U.S. investment and advisory firms Rosemont Seneca Partners, co-founded by Hunter Biden, Christopher Heinz and Devon Archer,[2] and Thornton Group LLC.[3] The company website in 2016 reported that Bohai Capital managed the RMB20 Billion and Harvest ranks among China's largest mutual fund management companies. The website said the company has "the support of Bank of China, China Development Bank Capital, and other major Chinese financial institutions.[1] Bohai Harvest has also partnered with a subsidiary of China's conglomerate HNA Group.[4]

The firm set out in 2014 to raise $1.5 billion for investments, some in dollars and some in yuan. The yuan investments were to be converted to U.S. dollars through Shanghai Free-Trade Zone, facilitating offshore investment for Chinese investors. Rosemont Seneca is a Washington, D.C.-based investment and advisory firm run by Hunter Biden, the son of U.S. Vice President Joe Biden.[4] Hunter Biden partnered with James Bulger, son of former Massachusetts state Senate President William Bulger. According to The Intercept, business registration filings in China list Hunter Biden and James Bulger as key officials at Bohai Harvest.[4] Thornton Group is a Boston-based cross-border investment advisory firm. The U.S. partners as a pair and the two Chinese partners each own a 30% stake in the joint management firm.[3]

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References [ edit ]

  1. ^ a b "About Us", company webpage. Retrieved 2016-11-16.
  2. ^ "Will Hunter Biden Jeopardize His Father's Campaign?". The New Yorker. July 1, 2019.
  3. ^ a b Deng, Chao, "Bohai, Harvest and U.S. Investment Firms Expand Target for Outbound Fund" (possibly subscription only), Wall Street Journal, July 10, 2014. Retrieved 2016-11-16.
  4. ^ a b c d "Chinese Fund Backed by Hunter Biden Invested in Technology Used to Surveil Muslims". The Intercept. May 3, 2019.
  5. ^ "Henniges Automotive is back". The Gazette. April 25, 2010 . Retrieved 4 September 2017 .
  6. ^ "Henniges Automotive acquired by China's AVIC Automotive". Automotive News. September 11, 2015.
  7. ^ "Funds", company webpage. Retrieved 2016-11-16.
  8. ^ "U.S. tightens controls on China imports of nuclear components". Reuters. 11 October 2018.
  9. ^ Schweizer, Peter (11 May 2019). "The troubling reason why Biden is so soft on China". New York Post.
  10. ^ "Hinkley Point C: case against Chinese firm has the feel of a modern spy thriller". The Guardian. 11 August 2016.
  11. ^ McKinnon, Judy, "Lundin Mining to Sell Stake in African Mine for $1.14 Billion" (possibly subscription only), Wall Street Journal, November 15, 2016. Retrieved 2016-11-15.
  12. ^ "DRC's largest mine was just sold. And DRC got nothing". Oxfam America. August 3, 2016.
  13. ^ "Chinese facial recognition firm Megvii raises $750m". Financial Times. May 8, 2019.

External links [ edit ]

https://en.wikipedia.org/wiki/BHR_Partners