The Jerusalem Post
Mnuchin, Friedman open TA fund office
Former US secretary of the Treasury Steven Mnuchin is opening an office in Tel Aviv of his new investment fund Liberty Strategic, to be led by former US ambassador to Israel David Friedman.
“We’re opening an office here because of the extraordinary technology, especially in cybersecurity and fintech, which are major areas of interest for us,” Mnuchin said, from a conference room in a Tel Aviv hi-rise overlooking the city with a sea view.
Mnuchin said Liberty Strategic is looking to make major investments in “proven technology and business models where there can still be enormous amounts of growth,” but is not a venture capital fund.
Mnuchin touted his own experience overseeing cybersecurity for the entire financial services industry of the US, as well as the IRS, and is seeking to invest in companies in related fields.