Enemy in the Gates - How Private Equity Funds America's Demise
“The climate crisis is the biggest challenge facing our planet today. We’re confronted with nothing less than the most significant global economic transition since the industrial revolution, which is going to require the complete transformation of the global energy system.” - Hank Paulson, TPG Rise Climate Executive Chairman.
Paulson served as George W. Bush’s Secretary of Treasury and before that had over thirty years at Goldman Sachs as their Chairman and CEO.
TPG is a leading global alternative asset management firm with approximately $139 billion in assets under management. In June 2023, TPG was ranked 6th in Private Equity International's PEI 300 ranking of the largest private equity firms in the world.
According to the World Economic Forum – “TPG is a leading global alternative asset management firm founded in San Francisco in 1992 with $120 billion of assets under management and investment and operational teams in 12 offices globally. TPG invests across five multi-product platforms: Capital, Growth, Impact, Real Estate, and Market Solutions. Its unique strategy is driven by collaboration, innovation and inclusion. TPG teams combine product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for fund investors, portfolio companies, management teams and communities.”
I happened to stumble upon a lovely April 2023 update from TPG called TPG Insights – Impact Investing: The Road Ahead. As our same worn-out tag line goes, all you have to do is read their information. Everything they plan to do, how they are going to do it – it’s all out in the open. They hide nothing. They love nothing more than to tell you about it in all honestly. To me, reading content from our overlords is like reading a schizophrenic horror story. The Tommyknockers by Steven King comes to mind. It’s been so long since I read it – I had to revisit. Written during King’s cocaine drug induced stupor, in it he writes about the dangers of unchecked technological advancement and influence of power – alphabet agencies taking out large amounts of the townspeople. King now describes it as an awful book that should be revisited. King may have let a little too much out of the bag with that one. I tend to believe truth comes out when people are under the influence, the influence in case of TGP is a speedball of epic proportions because money is never enough.
The interest in TPG came about when we started learning about the players involved in the Carbon Management Legislation from the 2023 Alaska legislative session. We learned that a company called BlueSource was awarded a $500K contract by the State of Alaska in February of 2022 for Carbon Offset Consulting Services. Shortly after, in June of 2022, BlueSource changed their name to Anew™ in a merger of Bluesource and Element Markets – the combined entity under majority ownership by TPG Rise. In Anew’s announcement they state “TPG Rise is proud to back Anew as it becomes a full service, first of its kind provider of comprehensive carbon reduction solutions,” said Marc Mezvinsky, Business Unit Partner in TPG Rise and member of Anew’s Board of Directors. “Climate solutions like carbon credits are an integral part of the decarbonization strategies underway at companies and organizations around the world. Anew will continue to be a trusted partner for those organizations and play a critical role in enhancing the origination process and marketplace for a broad range of environmental credits.” Marc Mezvinsky is married to Chelsea Clinton.
Within the organizations section of the World Economic Forum, The Rise Fund:
“The Rise Funds are a core pillar of TPG Rise, TPG’s global impact investing platform. Founded in 2016 by TPG in partnership with Bono and Jeff Skoll, The Rise Funds invest behind impact entrepreneurs and growth-stage, high-potential, mission-driven companies that are focused on achieving the United Nations Sustainable Development Goals. The Rise Funds deliver capabilities and expertise across sectors and countries at scale, focusing on climate and conservation, education, food and agriculture, financial technology, healthcare, and technology opportunities. The TPG Rise platform has more than $12 billion in assets across The Rise Funds, TPG Rise Climate, and Evercare Health Fund.”
TPG has invested over $21B in healthcare since 2003 with over 100 acquisitions made through the TPG Healthcare portfolio since 2012.
In Early August of 2023, it was reported that TGP would be acquiring Nextech. “Based in Florida, Nextech specializes in supplying specialty physician offices with electronic medical records and software designed to manage various administrative and financial activities.” “The deal is aimed at expanding TPG's healthcare services business by giving it access to Nextech's extensive network of 11,000 physicians and 60,000 clinics.” “The acquisition will enable TPG to harness Nextech's advanced IT platform, integrate it into their existing healthcare services, and enhance their ability to cater to the specific needs of medical practitioners and clinics.”
In July of 2023, it was announced that TGP would be buying Forcepoint from Francisco Partners. According to Reuters - The acquisition would hand TPG control of Forcepoint Global Governments and Critical Infrastructure, which focuses on key infrastructure for U.S. government and federal agencies.
In 2021, TGP partnered with Francisco Partners to purchase Boomi from Dell Technologies in a $4B cash deal. Boomi, is a leading provider of cloud-based integration platform as a service (iPaaS)
“Boomi is trusted by more than 15,000 customers globally to discover, manage and orchestrate data. As the pioneer of fueling intelligent use of data, Boomi makes it quick and easy for organizations to connect applications, processes and people across a range of locations and devices – completing projects in weeks, not months. With the company’s low-code application and data integration platform, and data quality, discovery and readiness capabilities, customers can create integrated experiences and instantly connect people to what they want – making it faster and easier to unify data, systems, applications, processes, people, enterprises and organizations globally.”
TPG Capital partner, Nehal Raj, stated, “Boomi’s cloud-native platform enables enterprises to streamline business processes and is essential for driving digital transformation. TPG has a long history of partnering with corporate leaders like Dell Technologies to carve out and grow dynamic technology businesses. We look forward to working with the teams at Boomi and Francisco Partners to accelerate the company’s growth as an independent entity.”
In 2021, TGP bought a 30% stake in DirecTV where a spin off into a new company which included DirecTV, AT&T TV, and U-verse is now called DirectTV. AT&T retains a 70% stake.
In July of 2021, the Silk Road Fund (SRF) participated as an anchor investor into TPG Rise Climate Fund. “An anchor investor is the first investor to commit capital to a new fund. Anchor investors can have an important influence on a fund’s ability to raise meaningful amounts of capital; our interviews suggest that an early endorsement by a respected investor has a catalytic halo effect on a fund’s future investments.”
Per Wikipedia – “The Silk Road Fund is a China Government Guidance Fund to foster increased investment in countries along the Belt and Road Initiative, an economic development initiative primarily covering Eurasia. The Chinese government pledged US$40 billion for the creation of the investment fund established on 29 December 2014. The Silk Road Fund is the only one of China's sovereign funds which was formed with an explicit geo-economic strategic mission. It was created by President Xi Jinping to advance the policies and priorities of the Belt and Road Initiative and has closely followed the BRI's focus on infrastructure, connectivity, resource development, and developing industrial capacity.”
The TPG Rise Climate Fund that the Silk Road Fund invested into -“targeting to reach $7 billion hard cap in total capital commitment, will take a broad sector approach and focus on five core sub-sectors: clean energy, decarbonized transport, greening industrials, enabling solutions, and agriculture & natural solutions.
This investment represents another significant effort in ESG investment of SRF, through which SRF aims to expand its green investment coverage, promote high-quality green Belt and Road cooperation, and enhance cooperation in international green financing. Together with TPG and other international investors, SRF will join the global efforts to combat climate change, and accelerate and scale climate solutions.
Since its inception, SRF has been advocating and practicing ESG principles in its investment, and is committed to contributing to achieve the globally shared goal of “carbon neutrality”. SRF will continue to play a positive role in catalyzing capital to combat climate change and increase its footprint in green investment, and promote green Belt and Road cooperation.”
These relationships go both ways. In 2018, TPG’s Rise Fund made its first China investment - alongside co-investor Carlyle Group, in $1B in Baidu Financial Services Group. “TPG and Carlyle are trying to take a piece of the fintech, payment market in China which is basically a duopoly at the moment by Tencent and Alibaba,” said Ryan Roberts, an analyst at Hong Kong-based financial services advisory MCM Partners.” Baidu is the leading Chinese search engine site on the internet. Du Xiaoman Financial is Baidu’s fintech arm. According to the Rise Fund, they are expanding inclusion in China’s financial sector and “It’s time for everyone to access the financial sector.” In 2019 it was announced - Du Xiaoman Launches Personal Credit Rating Product Against Its Rivals. From EqualOcean - “According to Du Xiaoman, Xiaomanfen (short for Panshi Xiaomanfen) is a comprehensive evaluation system based on big data algorithm that can provide a comprehensive personal credit score based on users' personal feature, credit history, compliance, and other dimensions. At present, the credit score of Xiaomanfen ranges from 350 points to 950 points, and the Xiaomanfen users with a score of 700 or more will receive exclusive rights and value-added services in Du Xiaoman’s financial product. Xiaomanfen services are continuously upgrading, with a variety of credit consumption scenarios adding in its ecosystem.”
The highlighted personal credit rating product list from EqualOcean shows the various credit metrics that Du Xiaoman will use.
I don’t know about you, but something about surveillance, financial lending based on compliance and behavior just doesn’t sound very “inclusive” to me. Afterall, it is China. Remind me again why private equity groups headquartered in the United States are in bed with Communist China?
Back to the United States….
The highly controversial Summit Carbon Solutions project involves carbon capture and storage (CCS) facilities, 2000-mile CO2 pipeline network where the CO2 will end up in storage wells underground “permanently.” The project impacts South Dakota, North Dakota, Iowa, Minnesota, and Nebraska. The idea is to capture CO2 from biorefineries that produce ethanol, transport it through thousands of miles of pipelines, cutting their emissions in half. The incentive to be achieved by the owners of this scam project is borne by taxpayers in the form of the 45Q tax credit, which is rife with fraud – to the tune of over 90%. CO2 is plant food – we need it to survive. Carbon is not a pollutant, and this idea that it is has been weaponized against us since the Obama administration declared it as such in 2009 when the Environmental Protection Agency declared that CO2 is a pollutant and poses a "danger" to human health and welfare, and, therefore, it must be regulated. Ethanol itself is already heavily subsidized. Ethanol is trash for fuel and even worse is what it does to the cost of food. This venture is to no known effect to the climate, and the underground storage component has not been tested nor does it have environmental impact studies completed either. There are no federal environmental regulations that are specific to CCS projects or associated pipelines.
Since it is not a state sponsored project and cannot use existing right of ways, Summit Carbon Solutions has to use private property for the pipeline. As landowners are saying no to easements on their private land, Summit Carbon Solutions, a private company, has initiated eminent domain claims as a “public carrier” to justify stealing South Dakotan’s private land. Summit raised over a billion dollars in equity commitments for this project. $300M of the funds raised came from the TPG Rise Climate fund, where China’s Silk Road Fund participated as an anchor investor. Another large portion of the funds came from big oil Continental Resources - at no point in time have they been the good guys. Summit Carbon Solutions was a platinum sponsor of one of Governor Kristi Noem’s inaugural events in early 2023. There are about 5,300 miles of CO2 pipelines in the U.S., but that number could grow to more than 65,000 miles in the coming decades unless this nonsense is resisted in masse.
People – we are being outrun and controlled by massive pirates. We’re on this little dingy merely trying to survive and catch a few fish and they have a mega fleet of monstrous well equipped pirate ships. It is imperative to know that these entities with foreign interests have infiltrated into our state and will stop at nothing to push and create policy to solve the “climate crisis.” In the above examples of acquisitions, it is clear that a primary means to achieve a level of control is to gather up the data. There is a huge effort underway for the globalists to gobble up all of the information for use against us. Why else would they be interested in buying government cyber security information during the “digital transformation era?” Why else would they be interested in buying companies that specialize in managing electronic medical records? The example of where they are willing to go -or stay- by exploiting citizens under communist rule through social credit scores in China should be a pretty fair indicator of where we are headed. The examples above are a mere handful of acquisitions – I challenge you to dig in and find some more. Get involved in the local, state and federal conversations about carbon - they are happening every day. This is about one thing and one thing only - control and 99% of our elected officials are just fine with going along to get along and selling YOU out paid for by massive inflation on the backs of your children and grandchildren.
For obvious reasons,
Anon