Hunter Biden’s business associates spoke candidly in emails about Hunter Biden’s role in the business, particularly as it related to foreign ventures, apparently viewing the Biden name as a form of “currency,” and bragging that they had a “direct…pipeline” to the Obama-Biden Administration.
In another email, Hunter Biden’s associates touted Hunter’s access to the White House and contrasted his willingness to “take on risk” with that of Chris Heinz—then-Secretary of State John Kerry’s stepson and a close friend of Biden and Archer—who was uncomfortable with some of their potential partnerships.
In October 2013, Hunter Biden’s associates (including Devon Archer) discussed which one of their corporate vehicles would be appropriate for a new deal they were working on. Archer noted their need to use a “Rosemont Seneca SPV” (also known as a special purpose vehicle) because Rosemont Capital was too close to the Heinz family and because using an SPV could “bring Hunter into the mix.” Archer explained his desire “to leverage Hunter more” in a way that didn’t involve Heinz, who Archer called “much more risk averse.”
Another benefit of the Rosemont Seneca SPV was, per an October 5 email from Hunter Biden and Devon Archer’s business associate Bevan Cooney to Archer, it “would be good to put some honey in Hunter’s pocket.” That same day Archer responded: “Agreed. I also have more autonomy with that company as I own it with Hunter and he’s willing to take on risk… Hunter will work if we need him too [sic] as well.”
Five days later, Biden’s business associate Jason Galanis confirmed to Archer that he had changed the corporate references in the proposal to include a Hunter Biden-controlled firm. Archer replied, clearly pleased. “Perfect. Let’s just keep to that. We get the Biden lift and stay out of Heinz panties.” Archer had noted he would use Rosemont Seneca Partners instead of Rosemont Capital, in which Heinz held a stake. Hunter Biden and Devon Archer’s Rosemont Seneca Partners would play a pivotal role in their future deals.
For example, in December 2013, Rosemont Seneca Partners finalized a deal with the Chinese government-backed investment vehicle, Bohai Harvest, to form Bohai Harvest RST, a new firm in which Hunter Biden would maintain a 10% equity stake and whose funds would grow to at least $1.5 billion.