A 1,900% growth surge and a roster of sudden government contract winners have put Donald Trump Jr.’s 1789 Capital directly in the crosshairs of House Democrats.

U.S. House of Representatives Democrat Jamie Raskin alleges that the venture capital firm’s assets under management have grown from $150 million to an "astonishing" $3 billion since Trump Jr.’s dad, President Donald Trump, took office.

"A trio of businessmen with heretofore lackluster records in the market was suddenly running the hottest firm in the United States, picking out with almost clairvoyant accuracy winner after winner by investing in companies that would soon come to win hugely lucrative federal government contracts and grants and favorable regulatory actions," Raskin wrote in a letter to 1789’s leadership.

Benzinga contacted 1789 for comment, but did not receive a response at the time of publication.

‘Uncanny Ability’ To Spot Winners

"With Don Jr.’s new leadership role, 1789 Capital has developed an uncanny ability to identify companies that are about to receive massive influxes of cash from the Trump Administration or to benefit from significant changes in federal policies and regulations. They say there is no such thing as a sure thing in investing, but this is about as close as you can get," the letter continued.

Raskin noted in the letter that three companies have benefited from "favorable Administration decisions," citing technology company Anduril Industires, e-cigarette manufacturer Juul and online prediction markets company Polymarket.

Anduril received a $22 billion defense contract reassigned from Microsoft and later won another $20 billion Army contract, while doubling its revenue during Trump’s first year. 

Juul, after 1789 Capital acquired a $5 million stake, received FDA approval to market five products following earlier efforts to restrict the company.

Polymarket, meanwhile, saw a federal investigation closed and received regulatory approval to enter the U.S. market shortly after 1789 Capital invested; its valuation has since jumped from about $300 million to $15 billion, delivering a reported 4,900% return for the firm, Raskin states.

"Alas, it is now impossible to believe that your firm’s astonishing growth and success are due to anything other than insider political influence and thoroughgoing corruption. Indeed, President Trump recently admitted that his oldest sons have "inside information" with "almost anything they do," Raskin wrote.

Records Demanded By House Committee

The House Judiciary Committee is demanding that 1789 Capital provide detailed records by September 9, 2026, including its portfolio companies, communications with government officials, government policies or contracts affecting the firm, and documents related to hiring Trump’s eldest son.

The committee is also seeking due diligence materials on portfolio companies and is ordering the firm to preserve communications with members of the Trump administration, including messages sent through encrypted apps including Signal, WhatsApp, Telegram and X.

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