QUESTIONS ARISE ABOUT MCAULIFFE INVESTMENTS

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QUESTIONS ARISE ABOUT MCAULIFFE INVESTMENTS


This morning, The Associated Press revealed that Terry McAuliffe invested in The Carlyle Group both before and after becoming Virginia’s governor in 2014, all while Glenn Youngkin was with the firm. 

Many questions remain unanswered about McAuliffe’s investment in Carlyle.

Terry McAuliffe should come clean and answer these questions: 

  • Are you currently invested in Carlyle?
  • When did you divest from Carlyle, specifically?
  • Was your investment in Carlyle on terms that could be described as a “sweetheart deal” or special treatment?
  • Prior to 2013, The Carlyle Group required a minimum investment of between $5 million and $20 million. The Associated Press reports that you invested “at least $690,000.” How many millions did you initially invest in 2007?  
  • When investments fall apart you often describe yourself as a “passive investor” to plead ignorance. Regarding your failed deal with the Chinese firm Lindenburg, would you describe yourself as a passive Governor? 
  • Apparently, you trusted Glenn Youngkin and The Carlyle Group enough to invest “at least $690,000.” Why shouldn’t Virginians trust Glenn Youngkin to deliver a good return on investment for them?