U.S. House Science and Foreign Affairs Committee Member Bets Millions on Tech and Private Loan Hedge Funds

In a disclosure filed April 28, Republican Representative Max Miller of Ohio’s 7th District reported new investments of $15,001–$50,000 each in two private funds: the technology-focused hedge fund Alta Park Endurance Fund and the private-credit platform GLAS Funds, LP. He also made a smaller investment in a Mercato Partners private equity fund, but by dollar amount the two largest stakes are the focus of this filing.

Miller, a former Trump White House staffer, sits on the House Science, Space, and Technology Committee and the Foreign Affairs Committee. As vice chair of the Science Committee’s Environment Subcommittee, he oversees advanced-technology and research budgets and policies— including at NASA’s Glenn Research Center. On Foreign Affairs, he sponsored the “ADVERSARIES Act,” tightening U.S. export controls to block sensitive technology transfers to so-called strategic competitors. His simultaneous role as a policymaker and investor in both a TMT-focused hedge fund and a private-credit fund raises potential conflicts of interest, since future regulatory or legislative actions could affect his personal holdings.

Alta Park Endurance Fund, managed by San Francisco-based Alta Park Capital, is a high-risk, high-return hedge fund specializing in technology, media, and telecommunications. It employs long/short equity strategies and derivatives on both listed and private tech companies. With U.S. Big Tech, semiconductors, and AI-software stocks posting strong returns over the past year or two, funds holding large technology long positions have generally outperformed. However, individual fund performance data and volatility are not publicly disclosed, making it difficult for constituents to assess the precise risk exposure. Because U.S. technology-export restrictions and China-related legislation directly influence TMT company valuations and growth prospects, a member of Congress who helps write these policies while investing in the same sector invites political scrutiny.

GLAS Funds is a Cleveland-based alternative-investment platform that pools capital from high-net-worth individuals and advisory firms into a fund-of-funds structure, allocating across private-credit vehicles and credit hedge funds. Its core strategy is floating-rate senior secured loans to U.S. middle-market companies—generating attractive coupon income in today’s high-interest-rate environment but carrying elevated default risk if economic growth slows. With ongoing Congressional discussions about banning or sharply limiting members’ personal investments in stocks, hedge funds, and private funds, Miller’s private-fund commitments at the nexus of science, technology, diplomacy, and export-control policymaking are likely to draw further regulatory and public-opinion scrutiny.