>>/14046/ Hunter Biden Business Interests con't, PAGE 3 of 4 (not 3) had to add a page, kek Rosemont Seneca Partners Role: Co-founder, consultant Pay: n/a Hunter Biden co-founded Rosemont Seneca Partners in 2009 with Christopher Heinz, stepson of John Kerry, the former secretary of state, and scion of the Heinz processed food fortune, and Devon Archer, a financier and former Abercrombie & Fitch model who attended Yale with Mr Heinz. In 2014, Rosemont Seneca was involved in an attempted $1.5bn fundraise for a new fund launched by Harvest Fund Management and Bohai Industrial Group, the Chinese asset manager, according to a Wall Street Journal report at the time. The Bank of China International Holdings was one of the biggest stakeholders in Bohai at the time. Mr Archer first connected with Mykola Zlochevsky, co-founder of the Ukrainian gas company Burisma, in 2014 when he travelled there to pitch a Rosemont-linked real estate fund that he managed. Mr Archer joined Burisma’s board in 2014. Hunter joined soon after. BHR Partners Role: Director, consultant, 2013-today Pay: n/a BHR Partners, of which Hunter remains a director, is a private investment fund backed by some of China’s largest state banks, local government and the national pension fund. At its inception in 2014, BHR listed Rosemont Seneca Thornton LLC, an investment firm co-founded by Hunter Biden, as a shareholder that owned 30% of the fund. A year later, the two partners in RST, a consortium of Rosemont Seneca and Thornton Group, a Massachusetts-based firm with local political ties, split their shares in BHR. Rosemont Seneca took 20% and Thornton 10%. Rosemont Seneca unloaded its BHR stakes in 2017, while Thornton kept its shares. BHR is known for being an early investor in some of the fastest-growing technology start-ups, including Didi Chuxing, the digital transport group. It has also invested in Megvii, a facial recognition start-up whose technology has been used in Chinese government surveillance of Uighur populations in China’s western provinces. Li Xiangsheng, CEO of BHR, told local media that the fund’s strong government background would allow it to make super-big investments, saying the fund could take loans from its shareholders such as China Development Bank and Bank of China to complete transactions. Hunter Biden’s investment in the fund totalled $420,000, according to one of his lawyers, implying the fund’s total value sits at $4.2m. The New Yorker reported in July that Hunter and his partners said they had not yet received a payment from BHR. BHR Portfolio Companies (per FT): Didi Chuxing: Cashed out. China’s largest ride-hailing service. BHR invested in Didi in 2015 and exited two years later. Megvii Current. Leading facial recognition company whose technology was linked to Beijing’s mass surveillance of Uighurs in Xinjiang. BHR was an investor in Megvii’s Series C funding round in 2017. Sinopec Petroleum Sales Current. Retail unit of one of world’s largest oil refiners. Sinopec participated in China’s mixed ownership reform of the state sector by selling shares in its retail business in 2014 to an investor group that includes BHR. The fund paid Rmb6bn for a 1.7% stake. Yancoal Australia Current. Australian subsidiary of China’s third-largest coal producer. BHR teamed up with two Chinese banks in 2016 to purchase a nine-year bond issued by Yancoal Australia and valued at $950m. CGN Power Group Current. Major nuclear power company that was placed under US export blacklist in August over accusations of stealing US technology for military use. BHR was a cornerstone investor in CGN’s Hong Kong IPO in 2014. Tuniu Current. Major online travel agency. BHR invested in Tuniu in 2016.