Energy Sec. Perry’s Son Owns An Energy Investment Company. A Problem?

"WASHINGTON -- A private investment firm led by Energy Secretary Rick Perry’s son has notified the Securities and Exchange Commission that it’s seeking investors for a new energy fund, raising concerns about the potential for private businesses run by the offspring of high-ranking government officials to benefit from their parents’ policy decisions without the public being aware.

Griffin Perry is one of three owners of Dallas-based Grey Rock Energy Partners, which runs pooled investment funds that take stakes in active U.S. oil and natural gas drilling projects on behalf of wealthy investors who can meet a hefty minimum investment threshhold.

On April 19, the SEC published Grey Rock’s latest regulatory filing, which created Grey Rock Energy Fund III-B. It marked the first new fund the group is offering since Griffin Perry’s father became President Donald Trump’s energy secretary, and comes amid escalating concerns about conflicts of interest in the Trump administration."

Kevin G. Hall reports for McClatchy April 25, 2018.