Patriotic Trump Jr.-backed firm sees assets soar, rolls out real estate fund
New 1789 Real Estate Fund is targeting South Florida development
GrabAGun’s trading debut is a sign US’ ‘woke nonsense’ is simmering, Donald Trump Jr. says
1789 Capital founder and President Omeed Malik and Donald Trump Jr. discuss the public trading debut of GrabAGun Digital during an appearance on ‘Mornings with Maria.’
Patriotism is on the upswing with that momentum coinciding with President Trump’s first year of his second term.
The 1789 Capital Growth Equity Fund, which invests in U.S. security and capitalism plays, saw assets swell to $2 billion through December 31, 2025, after starting the year at just $200 million. The fund is now closed to new investors, sources tell FOX Business. The firm also has a new fund, the 1789 Real Estate fund, which has attracted $1 billion in capital in just a few months.
The fund, say sources, is aiming to capitalize on people migrating from high-tax blue states, such as New York to Southern Florida, which has fueled a need for commercial space, housing, hospitals and schools.
The firm, co-founded by investors Omeed Malik and Chris Buskirk, also includes Donald Trump Jr. as a partner. It was an early adopter of investing in America.
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Among the 30 high-profile bets include Elon Musk’s SpaceX, which reportedly may go public this year, giving it a potential valuation of $1 trillion, according to early estimates. Also in the portfolio is AI company Groq, which in December partnered with Nvidia in a deal valued around $20 billion, according to reports.
The SpaceX Falcon 9 rocket and Crew Dragon capsule on launch Pad 39A at NASA's Kennedy Space Center on November 9, 2021, in Cape Canaveral, Florida. (Photo by Joe Raedle/Getty Images / Getty Images)
Additionally, defense tech company Anduril, founded by Palmer Luckey, is a holding. Earlier this week, Luckey touted the company’s emerging U.S. military technology during an exclusive interview with FOX Business’ Liz Claman.
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"We're about to start large-scale manufacturing of the first autonomous fighter jet that Anduril had the opportunity to make. The YFQ-44 for the United States Air Force. No pilot. No pilot at all. It's an autonomous, loyal wingman that flies alongside U.S. Airmen. So you have a combination of manned pilots and unmanned pilots, and they're able to take risks that a human pilot wouldn't take," he detailed.
Anduril's YFQ-44, seen as a model, is an unmanned combat aerial vehicle. (Photographer: Kyle Grillot/Bloomberg via Getty Images / Getty Images)
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Online gun retailer, GrabAGun is also backed by the firm.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| PEW | GRABAGUN DIGITAL HOLDINGS INC | 3.72 | +0.57 | +18.10% |
GRABAGUN BACKS SECOND AMMENDMENT RIGHTS
Marc Nemati, chief executive officer of GrabAGun Digital Holdings, from left, Donald Trump Jr., executive vice president of development and acquisitions for Trump Organization Inc., and Omeed Malik, founder of 1789 Capital, ring a ceremonial bell on (Photographer: Michael Nagle/Bloomberg via Getty Images / Getty Images)
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After debuting its initial public offering on the New York Stock Exchange in July, Trump Jr. told FOX Business that his investment group’s involvement with GrabAGun is a "catalyst for change" in an era where there has been a "cultural shift" in attitude toward the Second Amendment.