Report: VP Vance Retained Stake In Venture Capital Fund Invested In Multiple Defense Contractors Awarded Millions By The Trump Administration

WASHINGTON, DC – Vice President J.D. Vance’s annual financial disclosure, published in mid-June 2025, revealed that Vance has retained up to $1.265 million held in venture capital funds he helped manage prior to running for office. Now, an Accountable.US review – first reported by Sludge, found that one fund, Revolution’s Rise of the Rest Seed Fund, has investments in at least four companies that have received contracts from the Trump-Vance Administration.

Notably, these included aerospace companies Hermeus and Slingshot Aerospace, which received defense contracts worth millions of dollars within the administration’s first weeks in office. Vance’s stake in the fund was reported at $100,001 – $250,000, and the Vice President listed all four investment companies by name on a Senate financial disclosure report filed in 2023.

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As much as the Trump administration claims to be draining the swamp, their conflicts of interest, self-enrichment and ties to special interests show they are creatures of it. Vice President JD Vance is no exception. Vance’s background and investments in companies benefiting from Trump government contracts come as no surprise given this administration’s record of benefiting themselves while raising costs and gutting health care for hardworking Americans.”

Accountable.US Executive Director Tony Carrk

Accountable.US’ Trump Accountability War Room Has Continued to Document the Administration’s Numerous Problematic Conflicts of Interest That Could Undermine the Public Interest:

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Accountable.US Executive Director Tony Carrk

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