[26] The company invested approximately $200 million to Jeff Berg's talent agency, Resolution, after Najafi negotiated the deal in 2013. Pivotal Group leads significant growth equity investment in SnapNurse, an on-demand healthcare staffing platform . , and they look to take control positions in companies. Pivotal Group, based in Phoenix, provided SnapMedTech with a $15 million growth equity investment and a $100 million credit facility at the end of 2020. realestate@pivotalgroup.com, 3200 East Camelback Road 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. This approach allows us to profit from the cyclical nature of the real estate market. After Sinema won the primary, the super PAC transferred $100,000 to House Majority PAC, which would spend $494,438 to oppose Sinemas Republican opponent Vernon Parker. All rights reserved. Pivotal Group and Trumpf Ventures lead significant investment in AI cybersecurity prediction platform . The opaque quality of a registered agent address makes the real source of the dark money very difficult to track. Who Are These Guys? - Promontory Club Park City UT The group aired multiple television ads to attack Cherny, him a Washington, D.C. insider in another. Based on our data team's research, Jahm Najafi is the Pivotal Private Equity's CEO. 22/23 Colorado (13-2, 2-2 Pac-12) at Desert Financial Arena. In 2015. reported that Francis may have used a shell company called Tread Standard LLC to transfer $150,000 to a pro-Jeb Bush super PAC. Despite being located in a drab single-story office building, Corporation Trust Center is the go-to registered agent for companies that dont want to be found, serving as the registered agent address for roughly 300,000 businesses as of 2018 including Apple, WalMart and Coca-Cola. 1976-Arizona State University-Bachelor of Science Degree in Civil Engineering 1977-Thunderbird School of Global Management-Masters Degree in International Management 1978-University of Southern California-Master of Arts Degree in International Relations DC The company made another contribution $10,000 to the Mitch McConnell-aligned Senate Leadership Fund (SLF) two weeks before election day. for all of its filings, including its FEC filing. [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. And former NSA Deputy Director Bill Crowell will also join the board. 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. No credit card required. comprise Americas unique cultural mosaic. The honorees are remarkable Americans who exemplify outstanding Pivotal Private Equity has 2,525 employees, of which 5 are in a . linking national brand cleaning products such as Clorox and Lysol to lung damage. Iranian-American investors who happen to be politically active. The group aired multiple television ads to attack Cherny, comparing him to Newt Gingrich in one ad and labeling him a Washington, D.C. insider in another. 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 . We do not acquire companies from management teams; we partner with them. a symbol of freedom and tolerance around the world, said Senator John Bankrupt luxury community sold to same developer - Boston.com Company: Industry: Round Size: Date: Investors: Location: SnapNurse. 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. diversity of the American people is what makes this nation great. 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. Najafi. Washington, Promontory, valued at $560 million before the recession took hold a year ago, was sold for just $30 million to a developer who walked away from $350 million in loans packaged by Credit Suisse and sold to hedge funds and other investors. Under the FECs current makeup, its debatable whether the agency would classify some of the above political contributors as shell companies at all. NECO was created in 1984 on the conviction of its founders that the commitment to serving his community, both locally and internationally., The cultural diversity of our great nation is essential for Americas The bid fell through when Borders was liquidated. 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. Their typical investments range from $25MM-$250MM. Im honored to be among the (PAAIA), a leading Iranian philanthropic institution; and governor of Pivotal Group Location 1934 Old Gallows Rd Ste 350, Tysons Corner, Virginia, 22182, United States Description Industry Script error: No such module "AfC topic". . Pivotal Group, Thunderbird The School of Global Management, Intelligent Assistance and Bots Ecosystem. 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. As of 2023, Jahm Najafi net worth is roughly around $3.5 billion. By the second year, the program will be expanded across Africa, the Middle East, Asia and Latin America to at least 25 languages. In 1982, he founded Pivotal Group, a real estate opportunity fund. 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 facilities" instead of getting bogged down with lengthy processes and credentialing paperwork. The takeover required a buyer to raise millions more to keep operations at Promontory going. Top Maricopa election official launched PAC in 2021 to stop Republican Pivotal Group CEO and founder and developer of Promontory, F. Francis Najafi, found inspiration in the massive 7,200 acre landscape to create a timeless mountain club for all ages. [4][23][24][25] Najafi and Najafi Cos. also bid to buy The Boston Globe in 2013. We have the expertise to assess complex investment opportunities. AZ Inno - My View: Arizona has a growing number of entrepreneur funding In addition to his professional success, this father of . The funders behind National Vista did a good job concealing their identities, using the address of the companys registered agent Morris Bower & Haws for all of its filings, including its FEC filing. immigrants significant contribution to this country than Francis Working At Pivotal Private Equity: Employee Reviews and Culture Pivotal Private Equity CEO And Executives - Learn more about Pivotal Private Equity CEO Jahm Najafi and key people by exploring the management team. Najafi insisted the bankruptcy was not his doing. that attract people from around the globe. In this case, the source of the money is Kovner, but it takes some digging to figure that out, and BK2s contributions arent always disclosed as such. [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. Work History. Page 6 of 9. And in a $244,200 contribution to Paul Ryans joint fundraising committee, BK2 Holdings is listed as a partnership that Kovner owns, though such a partnership attribution is not attached to the BK2 contribution to SLF. Developer Story - Promontory Club Park City UT Najafi called for Phoenix Suns' majority owner Robert Sarver's resignation on Thursday night, September 15. He founded the privately held firm 30 years ago, investing in landmark properties. F. Francis Najafi is founder and CEO of Pivotal Group, a leading investment company focused on private equity and real estate. 0 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. Chief Executive Officer. Karl Polen | Chief Investment Officer of Arizona State Retirement [8][9], Najafi has also been on the boards of directors of; The Quincy Institute for Responsible Statecraft,[10] Greater Phoenix Economic Council,[11] Phoenix Art Museum,[12] and EastWest Institute. NAJAFI, FRANCIS PHOENIX, AZ 85018: Pivotal Group/Pivotal Group/Ceo: $2,800: 11/08/2019: P: DEBBIE LESKO FOR CONGRESS - Republican: NAJAFI, FRANCIS PHOENIX . Melaleuca sells its products through a multi-level marketing structure. [4][5], Najafi worked for Salomon Brothers, a Wall Street firm that became part of Citigroup,[4][6] before he served as CEO of Pivotal Private Equity[7] and partner and COO of the parent company, The Pivotal Group,[8][9][10] which he ran with his brother, Francis Najafi. a total of $4,000 to successful Washington Lieutenant Governor candidate Cyrus Habib, the first Iranian-American to win a statewide election. ceremony this past weekend in the historic Great Hall on Ellis Island. [5], In May 2011, Najafi received the Ellis Island Medal of Honor for outstanding citizenship, individual achievement, and encouragement of cultural unity. Francis Najafi - $111,000 in Political Contributions for 2020, Campaign Finance, Money, American politics, American political campaign contributions, presidential campaign contributions . degree in engineering followed by two Masters Degrees from Thunderbird The School of Global Management, and the University of Southern California (USC). [5], It may require cleanup to comply with Wikipedia's content policies, particularly, Last edited on 22 February 2023, at 23:17, Learn how and when to remove this template message, https://find-and-update.company-information.service.gov.uk/officers/7kT3EZmjY_q3xCRr-sV12MaDUOY/appointments, "How billionaire is using financial muscle for racial equity", "Network Solutions bought for $20 million, sold for $800 million three years later", "Possible New Owner for Borders: Meet Jahm Najafi", "Resolution COO Jeff Franklin Exits Agency", "Pivotal Private Equity to Acquire World's Largest Domain Name Registrar, Network Solutions", "Phoenix Investors Group Buys Century Plaza Hotel", "Pivotal plunking down $138M for office tower", "Najafi kicks Penske's tires; no Deadline deal", "NBA statement about independent investigation regarding Robert Sarver and the Phoenix Suns organization", "Phoenix Suns minority owner Jahm Najafi calls for Robert Sarver's resignation", https://arizonasports.com/story/3487485/mat-ishbias-purchase-of-phoenix-suns-set-to-be-complete-by-tuesday/, "U.S.-based MSP Sports Capital buys into McLaren F1", "Penguin Random House Sells Self-Publishing Company", "Borders Picks Najafi Companies as Lead Bidder", "Report: Phoenix investor competes with Alec Gores in bid for Borders Group", "June 27 deadline looms for bids to buy Globe", "Jeff Berg Speaks: Plans for New Agency, What Really Happened at ICM (Exclusive)", "Paula Deen Lands $75 Million to $100 Million Business DealShe's Making a Comeback, Y'all! 0000003156 00000 n This page was last edited on 17 November 2022, at 10:45. Drawn by the unrealized potential of well-managed, middle-market companies with unique assets, Pivotal Group entered the private equity market in 2002. A similar address isnt the only piece of circumstantial evidence that appears to link Najafi to the apparent shell company. Najafi has referred to The Central Park as his "legacy project," creating something that is unique, long-lasting, and perhaps serving as a model for . %%EOF Internet Explorer presents a security risk. The architecturally diverse structures would allow family members to engage in their individual pursuits and gather for joint recreation and celebration. 0000156504 00000 n F. Francis Najafi CEO, Founder Pivotal Group Phoenix, Arizona, United States 2K followers 500+ connections Join to view profile pivotal group Thunderbird School of Global Management. Pivotal Group is a diversified investment company primarily focused on private equity and real estate. Our target properties include full-service hotels and resorts; office, multifamily, and mixed-use projects; and master-planned residential communities. We invest in later-stage venture capital and growth equity opportunities in order to help generate notable growth over time. In 1986, he received a master's degree in business economics from Harvard University. Download Full Image. We look forward to providing you with even more cutting-edge market research, as Topio Networks. You have revoked consent to allow cookies. 0000161571 00000 n Just a stones throw from Park City, generations of families could pursue active recreation amid a diverse array of superb amenities, while completely immersed in nature. F. Francis Najafi CEO Pivotal Group. at individual achievement and encouragement of cultural unity at an awards Some of these LLCs, such as DRT, LLC, are easier to track than others. Learn more about theFrancis and Dionne Najafi 100 Million Learners Global Initiative. The initiative, made attainable by a $25 million donation from the Najafis, will educate and empower 100 million learners by 2030, with 70% of them girls. At USC, he began his entrepreneurial activities while a PhD candidate in International Political Economy. Arizona State Universitys Thunderbird School of Global Managementannounced plans today to educate 100 million learners by 2030, thanks to a historic $25 million donation. With $25M Reward, Thunderbird Launches International Initiative To 0000176062 00000 n leading telecommunications information and logistics company, and has Pivotal group gave $3,800. The use of shell company contributions to super PACs is a growing trend that has captured the attention of government watchdogs. 0000001908 00000 n Francis Najafi. Excluding contributions from Melaleuca to major super PACs, VanderSloot and his wife Belinda give plenty of money on their own, contributing nearly $3.5 million to GOP candidates and groups since 1992. 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. Thunderbird School of Global Management at Arizona State University Pivotal group gave $3,800. 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. No federal or state agency has judged the merits or value, if any, of this property. [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. 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. 0000003867 00000 n Francis Najafi is founder and Chief Executive Officer of Pivotal Group, a thirty year old investment firm with experience in private equity and real estate investments. Island Medal of Honor is sanctioned by the U.S. Congress and entered Ballet Arizona announced it recently received a multi-year gift in the amount of $500,000 from Mr. F. Francis & Mrs. Dionne Najafi of the Pivotal Group, a private entrepreneurial investment firm. Founded more than a quarter-century ago by CEO Francis Najafi, Pivotal Group is a diversified investment company primarily focused on private equity and real estate. DAN DELANEY. Founder and Chief Executive Officer [4] Upon graduation from ASU, he attended the Thunderbird School of Global Management and earned a Masters Degree in International Management in 1977. Current. All Rights Reserved. [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. Founded more than a quarter-century ago by CEO Francis Najafi, Pivotal The Pivotal Foundation has in the last three years given $205,000 to the National Iranian-American Council (NIAC), which has been a vocal advocate for the . Pivotal focused on the purchase of . Hakuziyaremye said Africans across the continent will be able to access a world-class global education. Dallas-based Highland Capital Management, a hedge fund that owns about 40 percent of the loans, didn't return calls from The Associated Press. F. Francis Najafi, CEO of Pivotal Group, will join CYR3CON's Board of Directors which currently includes CEO Paulo Shakarian, CTO Jana Shakarian, and Dieter Kraft of Trumpf Ventures. To request permission for commercial use, please contactus. bG*aA wfmBB FP/v}. 2023 Promontory Club. abiding respect and understanding of other cultures, high ethical The owner is Wayne Hoovestol, a midwest businessman who owns several farming and trucking-related businesses, including Hoovestol, Inc, many of which use the same Iowa address. Sorry, we 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. Thunderbird Dean Sanjeev Khagram celebrates the launch of the 100 million learners international initiative with Francis and Dionne Najafi. [3] Najafi led the company through the acquisitions of the Pert Plus shampoo brand and Sure deodorant brand from Procter & Gamble in 2006,[17][19] and Trend Homes Inc. in 2008,[20] Also in 2008, Najafi and Najafi Cos. purchased Direct Group, the parent company of the Book of the Month Club, Columbia House and BMG Music Service, from Bertelsmann AG, a German book publisher. Carey School of Business Deans Council. The law firm, located in a suburban office building with other law firms, a financial services firm and a teak furniture store, did not respond to a request for comment. The purpose of disclosure is to allow people to know immediately upon looking at an FEC report who the contributors are. Najafi countered that Credit Suisse agreed to loan money he says he didn't even need and that the bank was a victim of its own excess. As one of the leading Iranian-American entrepreneurs in the 41 0 obj <>stream 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. Mr. Najafi has substantial board-level experience. Najafi worked for Salomon Brothers, a Wall Street firm that became part of Citigroup, before he served as CEO of Pivotal Private Equity and partner and COO of the parent company, The Pivotal Group, which he ran with his brother, Francis Najafi. Francis Najafi. Status. [3][4][10][17], In December 2020, Najafi was announced as the next vice-chairman of McLaren Racing, a Formula One constructor. 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. They gave just $20,400 to Republicans during that time. Najafi said he believes sales will pick up in a year or two, making Promontory viable again. "Ultimately, I believe in the magic of America," said Najafi, an Iranian-born, self-made real-estate tycoon who believes the market for expensive second homes will come back. that is America, said Nasser J. Kazeminy, Chairman of NECO. A member of the franchise system of BHH Affiliates, LLC. Use the CB Insights Platform to explore Pivotal Group's full profile. Thank you for accessing our content on the Topio Networks Market Intelligence Center. The club would be thoughtfully visioned to create something truly unique, reaching beyond the traditional country club offerings. Hoovestol and Lucht did not respond to phone messages inquiring about DRT. It makes investments with internal capital rather than raising funds from institutional investors, as is the industry norm. The Valley's Most Powerful Men2011 - Page 6. (Melaleuca is a genus of trees from which tea tree oil is derived. trailer Francis is much more prolific and conservative. Francis Najafi - SourceWatch When Robert Sarver eventually sold the team to new ownership led by Mat Ishbia and his brother Justin Ishbia, Najafi was one of three minority team owners to keep all their stakes with the team once the sale went through on February 7, 2023. Francis Najafi has been working as a Chief Executive Officer at Pivotal Group for 18 years. Medal of Honor this year. She has served as an executive for Pivotal Group, a private equity and real estate investment firm, KSL, a KKR, Kohlberg, Kravis and Roberts company, and as Executive Director of The National Women's Hall of Fame in New York, which recognizes and celebrates the achievements of extraordinary American women. Michael Olsen Chief Financial Officer Globe Corp. Brad Parker Executive Vice President, West Region PNC Bank. Mr. Najafi serves as a Board Member of several private companies. awarded the Ellis Island Medal of Honor for outstanding citizenship, 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 .
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