Steven Mnuchin: Liberty Strategic Capital
Liberty Strategic Capital raised $2.5B in its initial fundraise, with Saudi Arabia's Public Investment Fund (PIF) reportedly committing $1B. Mnuchin had directed Treasury engagement with PI…
Access transferred by employment: the move from a regulator's chair to the industry it regulated, and back again.
Liberty Strategic Capital raised $2.5B in its initial fundraise, with Saudi Arabia's Public Investment Fund (PIF) reportedly committing $1B. Mnuchin had directed Treasury engagement with PI…
Esper joined Epirus' board ~9 months after leaving as SecDef. Esper had previously been Raytheon's VP of Government Relations 2010-2017, making this his second documented industry-governmen…
Pai joined Searchlight ~3 months after leaving as FCC Chair. Searchlight's portfolio at the time included telecommunications holdings (e.g. Ziply Fiber, Mitel) that fell within his FCC over…
Vought founded CRA in March 2021 explicitly as a Trump-II policy and personnel pipeline. He returned to OMB as Director in January 2025 — the canonical 'park the network at an advocacy org…
Co-founded WestExec Advisors with Michèle Flournoy in 2017 after leaving Obama's State Department. WestExec's client list included defense contractors and tech firms with national-security-…
BlackRock administers significant federal Treasury contracts (notably the COVID-era corporate-credit-facility administration in 2020). Deese's appointment to NEC put a BlackRock executive a…
Ran the FY2016–2019 NDAAs (which expanded Other Transaction Authority / Middle-Tier acquisition) as SASC staff director, then joined Anduril ~60 days after leaving SASC. Honest caveat: Andu…
Led the DoD presidential-transition effort (clearance reciprocity + access to classified procurement on autonomous systems and border tech), then co-founded Anduril in 2017 — pursuing exact…
Holder returned to the same Covington & Burling office (literally his old physical desk was kept available, per the New Republic) that he had occupied before joining DOJ. Covington's roster…
Carney took over Amazon's global lobbying and PR operation. During his tenure Amazon won the 2019 JEDI cloud contract challenge (subsequently rebid as JWCC) and faced multiple federal antit…
Orszag left OMB in July 2010 and was at Citigroup by January 2011 — well inside the 'cooling-off' window critics argued should apply to senior OMB officials. The move was cited extensively…
Miran went from running macro-strategy at a multi-strategy hedge fund to chairing the Council of Economic Advisers — the body that produces the administration's Economic Report of the Presi…
Dunn's pattern (SKDK ↔ WH multiple times across Obama and Biden administrations) is the canonical multi-cycle revolver. The May 2022 move came after Build Back Better's collapse triggered a…
Monaco's path was DOJ (under Obama) → Apollo Senior Counsel → back to DOJ as the second-most-senior official under Biden. Apollo was under SEC scrutiny in the relevant window over Leon Blac…
Lighthizer's AFPI role functioned as the policy holding-pattern between his first-term USTR tenure and the Trump-II trade-policy ecosystem. AFPI publicly described itself as a personnel and…
Adeyemo's confirmation-disclosure documents listed BlackRock equity holdings requiring divestiture. Adeyemo was the second consecutive Deputy Treasury Secretary to come from BlackRock's sen…
Kudlow had been a Fox Business + CNBC commentator from 2007-2018 before joining the NEC. His return to Fox Business <2 months after departing the White House is the cleanest documented roun…
Bernstein's prior tenure (Biden's chief economist 2009-2011 as VP) → CBPP senior fellow → back to CEA in 2021 → elevated to CEA Chair in 2023 is a clean three-leg revolving pattern.
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