Many links between government and private equity

By Laurie Bennett

May 26, 2012 at 11:16am

Barack Obama and Mitt Romney will no doubt argue for the next six months about whether executive experience at Bain Capital makes someone a job creator.

But the question of whether there’s a connection between private equity and government leadership has already been settled.

There’s a long tradition in America of people going back and force between the two spheres.

The Muckety map above is a good sample, although it certainly doesn’t show every such connection.

At the center are six major private equity firms - Cerberus Capital Management, Hellman & Friedman, Blackstone Group, KKR, General Atlantic and Warburg Pincus.

The next ring, of salmon-colored boxes, shows individuals who have worked at these firms and in government. (To fully explore the map, we recommend viewing the large version.)

The outermost orbit, of blue boxes, shows those government connections.

What’s also clear is that private equity ties have existed regardless of which party is in the Oval Office.

John Snow and George W. Bush
John Snow and George W. Bush

The roads to Treasury and Commerce are especially well traveled. Jeffrey Goldstein, named Treasury under secretary by Obama in 2010, came from Hellman & Friedman and returned there after resigning his government post last year.

John Snow, Treasury secretary under George W. Bush, is now chairman of Cerberus Capital Management. Another Treasury secretary during the Bush administration, Paul O’Neill, is special adviser to Blackstone.

John Bryson, appointed Commerce secretary by Obama last year, is a former senior advisor to KKR. Another former Commerce secretary, billionaire Peter Peterson, is a co-founder of Blackstone.

Follow Muckety on Twitter Tweet This! Share on Facebook

Click here to sign up for the Muckety Newsletter

 Read related stories: Business · Politics · Recent Stories  


  • There are no comments yet, be the first by filling in the form below.

Leave a Comment

The relationship map to the left is interactive.
• Solid lines are current relations. Dotted lines are former relations.
• Expand items with + signs by double-clicking or by selecting multiple items in the map and pressing the "e" key.
• Move an item in the map by clicking and dragging.
• You can also delete items, separate boxes and save maps. Right-click on the map or select Map Tools for these options.
• Find out more about an item in the map by right-clicking on the item and choosing Information about...
• View map color key.
• This interactive map requires Flash player.

Become a fan of Muckety on Facebook

  • Search for stories
    Special Features

Follow Muckety on Twitter Follow Muckety on Twitter
Muckety has no direct connection to most of the people or organizations listed on these pages.
We are unable to forward personal messages or provide personal contact information.
We make every effort at Muckety to ensure that our data is correct and timely. However, relationships are in constant flux and we cannot guarantee accuracy. If you come across incorrect or outdated information, please let us know by email.
© 2017 Muckety LLC