Bloomberg Report: Jeb Bush Equity Funds Could Shut Him Out of 2016 Run

Bloomberg Report: Jeb Bush Equity Funds Could Shut Him Out of 2016 Run

On Thursday’s “Morning Joe” on MSNBC, senior national correspondent for Bloomberg Josh Green discussed his piece on some of the financial dealings involving former Gov. Jeb Bush (R-FL) that could be a sign he won’t run for the Republican presidential nomination in 2016.

In that piece, Green dubs Bush as “Mini-Mitt,” in reference to 2012 Republican nominee, former Gov. Mitt Romney (R-MA) and lays out why that behavior isn’t conducive for a 2016 run.

“This is a look at Jeb Bush’s career in private equity, which he has been doing over the past two years,” Green said. “The big scoop in this piece is that Jeb Bush just notified the Security and Exchanges Commission that he is chairman and manager of a new offshore private equity fund for mainly foreign investors – the third fund that Bush has opened in the last 20 months. And so the question I put to Wall Street lawyers and fundraisers and managers is, ‘Is this the behavior of somebody imminently preparing to run for president?’”

“Number one, these funds have a lifespan of about 10 years,” he continued. “You don’t raise $100 million and then turnaround and bail on your investors. It’s possible, but it’s not the way you do these things.”

Green explained the offshore component, although standard practice for Wall Street, was not something that would be suited for a run for high office as well.

Follow Jeff Poor on Twitter @jeff_poor


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