10% of that is Joe's (he's the "big guy")
Joe Biden makes surprise visit to Skaneateles
Hunter Bidenâs company Skaneateles LLC owns the 10 percent equity stake in BHR, which it purchased in October 2017 with a $420,000 investment. Skaneatelesâs listed address matches that of the $3.8 million home in Los Angeles that Hunter Biden is reportedly renting for $12,000 a month, according to the companyâs records.
BHR Partners
Formed in the Shanghai Free Trade Zone in December 2013 as its first cross-border investment private equity firm, BHR is the cross-border investment arm of Bohai Industrial Investment Fund Management Co., Ltd. ("Bohai Capital"). Our other sponsors include Harvest Fund Management Co., Ltd. ("Harvest"), Ulysses Diversified Inc. (âUlyssesâ), Skaneateles, LLC (âSkaneatelesâ), Thornton Group LLC ("Thornton") and our management team. We also enjoy the support of Bank of China, China Development Bank Capital, National Council of Social Security Fund, China Life, Postal Savings Bank of China, among others, as our suite of legacy shareholders through Bohai Capital. Ulysses Diversified and Skaneateles are both diversified alternative investment and advisory holding companyies established in the U.S. whose affiliates manage assets in real estate and private equity funds.
Being the designated cross-border investment platform of Bohai Industrial Investment Fund (âBohai Capitalâ) and armed with the support of the Bank of China and our other legacy shareholders through Bohai Capital, BHR is focused on cross-border investments by offering our strategic partners funding and global resources and the experience of our cross-border team.
Aside from cross-border investments, BHR is closely monitoring investment opportunities emerging from the Chinese Governmentâs initiatives to reform State-Owned Enterprises (âSOEâ) as announced during the 18thCPC 3rd plenary sessions. In 2014, BHR invested approximately RMB4 Billion in the pilot SOE reform deal involving the segregation and capitalization of Sinopec Groupâs non-oil business into Sinopec Marketing Corporation.
As the market evolves, so do we. 2015 has seen BHR participating in selected alternative investment opportunities including (i) cornerstone and anchor investments in HKSE listings and limited public offerings such as China General Nuclear, 3Bio Inc. and (ii) certain early to growth stage investments such as Didi Taxi. BHR will continue to diversify its investment portfolio by staying ahead of the market curve while protecting investor interests.
In 2016 - BHR agreed to purchase Lundin Mining Corp's minority stake in African copper mine Tenke Fungurume Mining S.A. for $1.14 billion in cash. Lundin held a 30% interest in TF Holdings, a holding company, and an effective 24% stake in the mining operation. Freeport-McMoRan Inc. currently owns the remaining 70% stake in TF Holdings (an effective 56% of the mine), but is in the process of selling its stake to China Molybdenum Co. for a reported $2.65 billion. The Democratic Republic of the Congo, where the Tenke mine is located, owns the remaining 20% of the mine.
Besides the Chinese, another director of BHR is James Joseph Bulger, a nephew of mob boss Whitey Bulger.
The Bulgers' Public Connections, Explained in a Giant, Messy Map
