He previously served on the . Pivotal (Francis Najafi/Tyler Rives) The Najafi Companies (Jahm Najafi) . Want first access to OpenSecrets' investigations and data features? (Photo by Joe Jaszewski for The Washington Post via Getty Images). Francis Najafi - $111,000 in Political Contributions for 2020, Campaign Finance, Money, American politics, American political campaign contributions, presidential campaign contributions . Before becoming CEO of Pivotal Private Equity and partner and COO of the parent company, The Pivotal Group, which he headed with his brother, Francis Najafi, Najafi worked for Salomon Brothers, a Wall Street firm that later joined Citigroup. 8758 N Promontory Ranch Rd Hoovestol and his wife Monica arent quite megadonors, but they have given $118,320 to Republican candidates and groups and just $1,050 to Democrats since 2002, according to data from the Center for Responsive Politics. The document is copyrighted 2018 National Vista, Inc. Some of the wording in it exactly mirrors that used in a press release released in February by Melaleuca, an Idaho-based company that sells its own cleaning products along with an arsenal of health-related products. endstream endobj 7 0 obj <> endobj 8 0 obj <> endobj 9 0 obj <>/ColorSpace<>/Font<>/ProcSet[/PDF/Text/ImageC]/ExtGState<>>> endobj 10 0 obj <> endobj 11 0 obj <> endobj 12 0 obj <> endobj 13 0 obj [/Indexed/DeviceRGB 250 26 0 R] endobj 14 0 obj <>stream The offices are home to a number of investment and banking firms and, according to FEC filings, theyre also home to an unknown corporation called DPUS LLC that contributed $100,000 to the liberal Senate Majority PAC in the midst of the heated Senate election between Democrat Kyrsten Sinema and Republican Martha McSally. 0000063403 00000 n The Najafi Thunderbird Global Initiative is educational inclusion, innovation and impact at a worldwide scale, Khagram said. and real estate. Except for the Revolving Door section, content on this site is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 3.0 United States License by OpenSecrets.org. Park City, UT 84098. "It was a most unusual agreement," said Richard Aaron, a retired University of Utah bankruptcy-law professor and Promontory's auctioneer. It makes investments with internal capital rather than raising funds from institutional investors, as is the industry norm. comprise Americas unique cultural mosaic. Pivotal Private Equity Leadership: Executives and Demographics 0000061585 00000 n Jamshid Jahm Najafi (born March 1963)[1] is an Iranian-American billionaire[2] businessman. Editors note:This story is featured in the2022 year in review. "We have been impressed with the artistic excellence, the strong leadership, and the financial stability of Ballet Arizona over the years," said Francis Najafi, Founder and CEO of Pivotal. Pivotal Private Equity has 2,525 employees, of which 5 are in a . In 2007, it sold Network Solutions to General Atlantic for $800 million. Thank you for accessing our content on the Topio Networks Market Intelligence Center. Picture courtesy of Thunderbird College of International Administration at ASU. "I have a tremendous amount of respect for Francis Najafi (Pivotal's founder and CEO) and the team he has built at Pivotal, where I will have the opportunity to lead the private equity. Pivotal funds its investments with internally generated capital, allowing speed, flexibility, and patience to deliver todays most innovative products and services to the market and build industry leading companies and projects. property in San Francisco, the Phoenix Ritz-Carlton; and developing Access to higher education and the need for equity and inclusion is one of a global scale, ASU President Michael Crow said. The company has given $2.5 million to GOP outside groups since it began ramping up its political spending in 2011. 0000001908 00000 n "Having finished his undergraduate study in engineering, Francis obtained two masters degrees from the American Graduate School . Francis Najafi See All CEO & Executives The Inside Scoop Since 1982, Pivotal Private Equity, a real estate investment and development company, has been dealing with commercial and residential clients. Najafi insisted the bankruptcy was not his doing. Copyright 2009 Associated Press. [14][15] While Sarver served his season-long suspension in September 2022, Najafi was considered a candidate to take on the role of interim team governor for the Suns before the position was ultimately given to Sam Garvin. Pivotal group gave $3,800. Our goal is to enable A+ teams to reach their peaks and achieve greatness. [4][21][22], Najafi and his company Najafi Cos. were named highest bidder in negotiations to buy out Borders Group from bankruptcy protection in 2011. SnapNurse 75,000% Growth in Medical Staffing - Startupsavant.com HSn@}G)_!UQ0B`%NpNZWb93350.HB$]>f8F^z^Sk6(`Sr\\L\G ZpL,Gqi The McCain group has also accepted at least $100,000 from the Pivotal Foundation, which was created by Francis Najafi who owns the Pivotal Group, a private equity and real estate firm. Instastaff is a startup business that provides staffing to business customers seeking shift employees. Jackie Pelham Global Business Leader W. L. Gore & Associates Inc. Glenn Rufrano Community Member. DPUS didnt limit its political giving to federal elections. The Ellis xref Current. Atlanta Inno - Parent company of SnapNurse files $17.8M raise Najafi is the founder of private equity firm Najafi Cos. Francis Najafi came to America from Iran to get an education and earned four degrees from three universities. As an immigrant some five decades ago, I learned the value of education. Francis Najafi is an Iranian-American businessman and investor. Additionally, we seek underperforming and distressed properties where we can add value through renovation, repositioning, redeployment, expansion, or capital restructuring. Locally, Mr. Najafi serves, on the Board of Directors of Sandra Day OConnor Institute, is a Cabinet Member of the Presidents Club at Arizona State University, a Board Member Emeritus and Capital Campaign Chair of Arizona Science Center, and serves on ASUs W.P. Mr. Najafi has received several honors including the Ellis Island Medal of Honor, the NCCJ Humanitarian Award, Thunderbird Alumni Association Distinguished Alumni Award for Achievement as an Entrepreneur, and was honored as a Thunderbird Global Leader with the unveiling of the Najafi Global Mindset Institute at Thunderbird School of Global Management. . The use of shell company contributions to super PACs is a growing trend that has captured the attention of government watchdogs. Founded by F. Francis Najafi, Pivotal Group is a private entrepreneurial investment firm without the constraints of a traditional fund-based business model. Status. In 2014, DPUS gave another $55,000 to the super PAC, which swiftly transferred $50,000 to the Democratic Governors Association in the midst of the Arizona gubernatorial election between Doug Ducey and Fred DuVal. immigrants significant contribution to this country than Francis Francis Najafi, Founder and Chief Executive Officer, Pivotal Group As one of the leading Iranian-American entrepreneurs in the country, Francis outstanding career is matched only by his sincere So-called dark money contributions come from a diverse cross-section of the American landscape. We focus on companies and projects that lead in their market segments, show growth potential, and exhibit attractive margins. 6 0 obj <> endobj With $25M Gift, Thunderbird Launches Global Initiative To Educate 100 [5][6], Najafi continued his education at the University of Southern California where he worked as a Teachers Assistant (197779) while completing a Masters Degree in International Relations and his Ph.D. candidacy in the International Political Economy program. We assist management with strategy and equip them with capital to help realize their companys potential. Mr. Najafi serves as a Board Member of several private companies. A truck leasing company in a small Iowa town is one of several companies linked to nondisclosed dark money contributions during the 2018 election cycle. Jahm Najafi Wiki, Biography, Age, Family, Height, Net Worth, Fast Facts Francis Najafi is owner of The Pivotal Group, a long-time Phoenix businessman and philanthropist. Every donation we receive from users like you goes directly into promoting high-quality data analysis and investigative journalism that you can trust. With these competitive advantages, we make swift decisions and close transactions with creative and mutually beneficial structures. Pivotal focused on the purchase of . years ago, investing in landmark properties including the Century Plaza To request permission for commercial use, please contactus. ), Both releases use identical wording in several instances and note the exact same findings. If youd like to learn more or opt-out, please. An obscure Carter Lake limited liability company (LLC) named DRT, LLC made a $250,000 contribution to pro-Trump super PAC America First Action in April 2018. Subscribe to see more. Pivotal Group's private equity arm focuses on middle-market companies and annual. Internet Explorer presents a security risk. For over twenty-five years, Pivotal has been involved with niche residential projects, commercial development, master planned communities, luxury hotel and spa properties, commercial office buildings and other real estate . The business wasted little time jumping into politics, giving $400,000 to the Mitch McConnell-aligned Senate Leadership Fund (SLF) on Oct. 17, 2018. Former recipients include business icons GREATEST HITS, 7 McCain-Soros connection: It started after senator Pictured is a section of the Boise, Idaho skyline. We want to make sure you get the most out of our platform. Your comment is equity and real estate. Key Quotes: [11][12], Najafi was a founding partner of Social Venture Partners, a philanthropic venture capital fund that invests in emerging nonprofit organizations, as well as on the board of Urban Land Institute and the Arizona State University Committee for Design Excellence. Tottenham takeover - Who is Jahm Najafi? Businesses, success with Pivotal Group is part of the Venture Capital & Private Equity industry, and located in Virginia, United States. After graduating from Harvard with a master's degree in business economics in 1986, Najafi worked for Wall Street firm Solomon Brothers that eventually became a part of Citigroup. As a refugee of Idi Amins Uganda, my life was transformed by having access to world-class education, so this is deeply personal for me. Large development planned for Central & Indian School 0000155666 00000 n organization of its kind in the U.S., presented the award. Though the source of DRTs funding is muddy, it appears to have a relatively obvious link to Hoovestols businesses. Founded by F. Francis Najafi, Pivotal Group has invested in real estate assets and companies like Instastaff and Red Mountain Resort. The Najafi Companies is an entrepreneurially driven private investment firm founded by Jahm Najafi in 2002. Najafi kept operations going during a yearlong bankruptcy. He then started to run The Pivotal Group with his brother, Francis, which focused on the purchase of major commercial properties in California. Arizona State University Announces Effort To Educate 100 - Forbes But they dont appear to be on the same page politically. Thats the same address as private investment firm Najafi Companies, owned and operated by Jahm Najafi, a longtime Phoenix investor and partial owner of the Phoenix Suns. that is America, said Nasser J. Kazeminy, Chairman of NECO. Pivotal Group Company Profile | Management and Employees List With our medalists, we see America at its best. "There is a large body of people around the world who have no access to education," said Francis Najafi, who came to the United States from Iran and founded Pivotal Group, a real estate opportunity fund. Mr. Najafi currently serves as Chairman of the Board of Global Capacity, on the Board of Directors of the EastWest Institute, active in the World's President's Organization (WPO . This unrestricted gift will support the production and operating costs that Ballet Arizona incurs to produce its six mainstage performances over the . . To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Pivotal Group Acquires 21 Apartment Communities [32][33], On 7 December 2021, Jahm Najafi's Najafi Companies announced that it had reached an agreement to acquire STX Entertainment from ErosSTX for US$173 million. Najafi and his brother Francis Najafi founder of 30-year-old Phoenix investment firm Pivotal Group are highly successful Iranian-American investors who happen to be politically active. But they dont appear to be on the same page politically. He is a board member of EastWest Institute, a global think-and-do Democratic primary to oppose Andrei Cherny, who would go on to lose to Sinema during her first successful bid for the House. Pivotal Group is a Phoenix, Arizona basedprivate equity financing firm. Francis Najafi came to America from Iran to get an education and earned four degrees from three universities. By federal law, it is illegal to make political contributions in the name of someone else, and straw donors making contributions through shell companies fall under that prohibition. Sign up for our newsletter to track moneys influence on U.S. elections and public policy. For one, it uses his initials BK, just as Suzanne Kovners company uses the initials SK. Its address is the same as Kovners firm Caxton Alternative Management. AZ Inno - My View: Arizona has a growing number of entrepreneur funding Credit Suisse had matched Najafi's $30 million bid at an auction on Wednesday but, unable to raise even that amount, it withdrew the bid a day later. In the first year, the initiative aims to reach learners in Iran, Kenya, Mexico, Indonesia, Egypt, India, Senegal, Brazil and Vietnam in their native languages. [34], Najafi and his wife, Cheryl Najafi, live in Arizona with their three children. The commitment made to the school by Francis and Dionne Najafi will impact communities around the world and be a force that brings all of us closer together. The plan is for a phased approach. For the first time since December 30, the Sun Devil women's basketball team (8-5, 0-0 Pac-12) will return to action on Friday (5 p.m. MST) when it hosts No. Suburbs, big cities and even small towns are home to corporations created primarily to conceal the true source of money flowing to super PACs that spend millions of dollars to influence elections. The developer is Valley resident F. Francis Najafi, founder and CEO of The Pivotal Group. Dark Money: Coming from a shell company near you OpenSecrets - Truthout The opaque quality of a registered agent address makes the real source of the dark money very difficult to track. The deal is subject to a 45-day period where ErosSTX may solicit other offers; if ErosSTX declines the offer, it must pay a $4.5 million breakup fee. Pivotal Group CEO F. Francis Najafi said SnapNurse has been growing thanks to its technology and its "understanding of how to make the process easier for both healthcare professionals and . 0000008522 00000 n TODAY'S DEALS: Pivotal Group Acquires 21 Communities in Texas Francis Najafi CEO c5753ccd5d71c0 9d6ee09b348272075e14599 17ce51b948cc 7cdd6cbe9cddd078a. The first contribution was refunded, while Blue Magnolia Investments contribution was re-attributed to Berkshire Hathaway Automotive CEO Larry Van Tuyl, signaling that shedding light on these straw donors can force real disclosure. He has been a longtime investor in the Phoenix Suns and Mercury, and recently announced that he was maintaining his family's minority. We look forward to providing you with even more cutting-edge market research, as Topio Networks. In 1972, Najafi moved to Arizona where he attended Arizona State University. a total of $4,000 to successful Washington Lieutenant Governor candidate Cyrus Habib, the first Iranian-American to win a statewide election. in the midst of the Arizona gubernatorial election between Doug Ducey and Fred DuVal. 0000004555 00000 n 0000061404 00000 n Like Education Secretary Betsy DeVos, of the. 0000170314 00000 n Hoovestol and Lucht did not respond to phone messages inquiring about DRT.
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