Scandal? Peter Orszag Has “Love Child” with Venture Capitalist Ex-Girlfriend

Last March, the New York Times profiled President Obama’s budget director, Peter Orszag, portraying the self-described “supernerd” as superharried. “At 6 in the morning, Peter R. Orszag is racing across wet pavement for a 35-minute run, into a shower and a suit…”the piece began.

Yet Orszag has found time for love. While the New York Post reports tonight that Orszag and venture capitalist Claire Milonas welcomed a “love child” in November, the news isn’t entirely happy for Orszag. Why not? The 41-year-old — who also recently served as director of the Congressional Budget Office and was once among Bill Clinton’s economic advisors — announced his engagement a few weeks ago, and it wasn’t to Milonas; he’s instead planning to marry ABC News correspondent Bianna Golodryga.

In a move certain to haunt Orszag for the next tabloid news cycle or three, Orszag and Milonas — a GP with New York-based Ionion Group — split last April, riiiight around when she was discovering she was three months pregnant. It was a mutual decision — so insists a joint statement issued tonight by Orszag and Milonas that says: “We were in a committed relationship until the spring of 2009. In November, Claire gave birth to a beautiful baby girl. Although we are no longer together, we are both thrilled that she is happy and healthy, and we would hope that everyone will respect her privacy.”

Orszag adds that met Golodrya at the annual White House Correspondents dinner last May.

Either way, Orszag is suddenly soounding less like a supernerd and more like a supercad. Indeed, according to the Post, the family of Milonas — who’s also an X Prize advisor — was “stunned by Orszag’s boorish behavior — and her tycoon dad, 82, hit the roof,” when they parted ways.

Ionian, by the way, is associated with Fenway Partners, another U.S. private equity firm. Together, the two invest in early-stage opportunities that target the supply chain, domestic and international shipping, transportation and trade markets. Among their investments is the London-based online marine supplies startup ShipServ.