Donald Trump Jr.-linked venture capital firm 1789 Capital has expanded its assets under management from $200 million to $3.5 billion over the past year, focusing on “patriotic capitalism” by investing heavily in artificial intelligence, defense technology, and American-centric businesses, according to livemint.com. This rapid growth highlights the firm’s increasing influence in US private markets.
The surge followed Donald Trump Jr.’s joining of 1789 Capital after the 2024 US election. Since then, the firm has aggressively targeted investments in sought-after AI companies and defense tech startups, aligning its portfolio with a strategy that prioritizes American innovation and national security. This approach has attracted significant capital inflows, fueling the firm’s rapid asset growth.
This expansion reflects a broader trend where politically connected investors linked to former President Donald Trump and his allies are reshaping parts of the American investment landscape. The focus on AI and defense technology aligns with growing national priorities around technological sovereignty and security, making 1789 Capital a notable player in sectors critical to US competitiveness and strategic interests.
Looking ahead, 1789 Capital is expected to continue its aggressive investment push in AI and defense sectors, further solidifying its position in the market. Observers will watch how the firm’s “America-First” investment philosophy influences deal flow and sector dynamics, especially as geopolitical tensions and technological competition intensify.