In a recent congressional trade report, Max Miller, a member of Congress representing Ohio's 7th congressional district, made a notable investment in Alpine Investors IX, LP (HN). The transaction was a purchase, indicating that Miller has increased his stake in the company.
The investment was made through the 2012 Trust, an investment vehicle utilized by Miller. The amount invested falls within the range of $1,001 to $15,000. This transaction was part of a capital call for Alpine Investors IX, LP, with the exact amount disclosed as $4,240.78.
Alpine Investors IX, LP is a private equity fund, as indicated by the transaction type code HN. The private equity industry has seen a surge of interest in recent years, with investors seeking opportunities outside of traditional stock and bond markets.
Max Miller has also partially sold his stake in New Water Capital Partners II, LP (GLAS Funds, LP). The transaction was made from his 2012 Trust account, highlighting the congressperson's active participation in the financial markets.
The dollar value of the trade falls within the range of $1,001 to $15,000. However, the exact amount of the transaction remains uncertain until the K-1 form is received, as was noted in the report. The redemption of investment was stated to be $2,228.84.
As a reminder to investors, congressional trade reports provide valuable insights into the investment activities of U.S. lawmakers. These reports are of particular interest to investors who follow the financial moves of influential political figures.
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