Pete Hegseth’s Pentagon picks raise questions over Trump family business ties

Two advisers have links to a venture fund co-investing in US defense companies that benefit from federal spending

Pete Hegseth’s appointments to a key Pentagon advisory body include two men with ties to the venture capital fund where Donald Trump Jr is a partner, which has lucrative investments in military and space technology.

Defense Policy Board appointee Marc Andreessen’s firm, Andreessen Horowitz, one of Silicon Valley’s largest venture capital firms and known by the name “a16z”, co-invests alongside the Trump partnership 1789 Capital in three defense contractors. Fellow DPB appointee Blake Masters also sits on the boards of three ventures tied to 1789 Capital.