Hart is a privately-held firm whose primary investors are:
- Triton Ventures, a subsidiary of Amerada Hess.
- RES Partners of Austin, representing Richard Salwen. Salwen is a former Dell Computer vice president who is a heavy contributor to the Republican Party and George W. Bush.
- The CapStreet Group (formerly Summit Capital Group) of Houston.
- Stratford Capital Partners of Dallas, the investment firm of Tom Hicks.
- The Texas Growth Fund, an entity of the state of Texas that invests state pension funds in local and frequently high-risk companies.
Tom Hicks is the guy who bought Bush's share of the Texas Rangers in a sweetheart deal and was also the motive force behind the creation of the University of Texas Investment Management Company, a private firm which manages the university's investments, to the great benefit of Hicks and his cronies.
http://www.utwatch.org/utimco/hicks.html
Tom Hicks is a Dallas billionaire and investment banker who began raiding the University's public funds after the University refused to invest in his dental company in the early 90's. Hicks first appeared on the public scene when he donated $17,500 to Ann Richards, Texas governor at the time. He was subsequently appointed to the Board of Regents by Governor Richards in 1994.
After Ann Richards was defeated in 1994 by George W. Bush, Hicks shifted his heavy donations to Bush. Hicks gave $146,000 to Bush in both of his gubernatorial campaigns. In return for the gratitude, Bush approved legislation to form UTIMCO in 1995. Hicks had used a full-court press strategy, spending between $50,000 to $110,000 in lobbying and using with the powerful lobbying team Vinson and Elkins, who represents several Texas business interests, to achieve this dream.
Conveniently for both men, Bush appointed Hicks as the first chair to UTIMCO, which began the tradition of tit-for-tat management and good-ol' boy favoritism that has defined the relationship between UTIMCO and Texas politics since. In 1998, Hicks would make Bush a multi-millionaire by purchasing the Texas Rangers. In addition, Hicks' company, Hicks, Muse, Tate, & Furst, Inc., is now Bush's number 4 career patron.
The Texas Growth Fund is similar in its public/private nature to UTIMCO and sometimes works with it. It first invested in Hart in 2000, while Bush was still governor.
The CapStreet Group was founded by Frederick Rice Lummis II, whose family inherited a major chunk of the Howard Hughes fortune and have donated heavily to George Bush. Lummis is also a third cousin (through the Rice connection) of William S. Farish III, a close friend of the Bush family and former ambassador to Great Britain.