The project was shopped to 80 potential investors, none of whom ventured a bid. We do not acquire companies from management teams; we partner with them. The opaque quality of a registered agent address makes the real source of the dark money very difficult to track. A group of creditors who forced the bankruptcy said he stopped paying loans in December 2007. that attract people from around the globe. (TGen); active in the Public Affairs Alliance of Iranian Americans There is a large body of people around the world who have no access to education, Francis Najafi said. Dallas-based Highland Capital Management, a hedge fund that owns about 40 percent of the loans, didn't return calls from The Associated Press. We work across a diverse range of industries, including telecommunications, technology, media, aerospace, consumer, and business services. Najafi insisted the bankruptcy was not his doing. ancestors. The federal-level Iranian American PAC has received $15,000 from Francis Najafi, while the groups state-level, in the 2016 election cycle and another $2,500 from the Jahm Najafi-owned, Hundreds of miles and several national parks north of Phoenix, a general business with the name National Vista, Inc. was formed in June 2018 using the address of a registered agent in Boise, Idaho. Notable deals. Work History. He is also a graduate of Thunderbird School of Global Management ('77) as is his wife. Pivotal Group is a diversified investment company primarily focused on private equity and real estate. At its inception, the firm capitalized on profitable market niches by acquiring, developing and managing investment grade commercial real estate properties in the Southwest. Francis Najafi has been working as a Chief Executive Officer at Pivotal Group for 18 years. 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. Not all so-called shell corporations are as easy to trace. By the second year, the program will be expanded across Africa, the Middle East, Asia and Latin America to at least 25 languages. Phoenix philanthropists Francis and Dionne Najafi are funding an accredited online Global Management and Entrepreneurship Certificate, consisting of five world-class courses in 40 different languages, as part of the Francis and Dionne Najafi 100 Million Learners Global Initiative. startxref With more than 40 years of experience, Pivotal Group is an active investor across multiple asset classes, and today maintains a focus on Private Equity, Growth Equity, and Real Estate. As of 2023, Jahm Najafi net worth is roughly around $3.5 billion. 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 . Founded by CEO Francis Najafi, Pivotal Group is a diversified investment company primarily focused on private equity and real estate. 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. However, National Vista did something of note besides bankrolling a super PAC. Najafi holds an The Ellis Island Medals of Honor pay tribute to the ancestry groups that Pivotal Group and Trumpf Ventures lead significant investment in AI cybersecurity prediction platform . Though the source of DRTs funding is muddy, it appears to have a relatively obvious link to Hoovestols businesses. xb``Pd``qe```:01G"300284; SsjB'89\{ )Nwnsn(ijtd`;4lF@Nb+ fe`, r and real estate. 0000181689 00000 n 0000004555 00000 n acquired and sold Network Solutions, a leading provider of Web-based And former NSA Deputy Director Bill Crowell will also join the board. As an immigrant some five decades ago, I learned the value of education. 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. Mr. Najafi started a family of privately held firms 30 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. The only link to National Vista on the internet is an. F. Francis Najafi CEO Pivotal Group. But DPUS may have slipped up with its 2018 contribution, forgoing the Delaware address and listing its address as 2525 E Camelback Rd Ste 850. Washington, Copyright 2009 Associated Press. The company has no website or internet presence and doesnt appear to serve any purpose other than giving to political groups. In 1972, Najafi moved to Arizona where he attended Arizona State University. 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. It has a local reputation as a lower-income town of small houses, mobile homes, airport hotels, a few industrial businesses and a large abstract steel sculpture called Tri-Point Column by the late sculptor Rod Kagan sitting alone in a field on Abbott Drive. Pivotal's real. 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. every race from so many walks of life, together, celebrating the magic McCain. Pivotal Group Inc. completes a joint venture acquisition of 21 communities in Texas; NewGate Capital introduces a new fund aimed at the redevelopment of mixed-use projects in Central Florida; and . Like Education Secretary Betsy DeVos, of the. Prior to 2018, DPUS listed in FEC filings the address of its Wilmington, Delaware incorporation agent, Corporation Trust Center at 1209 North Orange Street. F HmQ:!3%=9 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. 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 . Script error: No such module "Draft topics". 0000007915 00000 n An immigrant from Iran, Mr. Najafi founded the Pivotal Group, a real estate and private entrepreneurial . The business wasted little time jumping into politics, giving $400,000 to the Mitch McConnell-aligned Senate Leadership Fund (SLF) on Oct. 17, 2018. So-called dark money contributions come from a diverse cross-section of the American landscape. A member of the franchise system of BHH Affiliates, LLC. [28][29][30][31], In 2017, Najafi bid for ownership of Time Inc. through his company, Najafi Cos. Time is the owner of publications including Sports Illustrated, Fortune and People. The fact that Najafi was able to buy his own project back so cheaply is a reflection of the turbulence in credit markets. But they dont appear to be on the same page politically. Feel free to distribute or cite this material, but please credit OpenSecrets. For example, BK2 Holdings, a Princeton Junction, New Jersey-based company that gave $500,000 to SLF in 2017, is clearly linked to billionaire GOP donor Bruce Kovner in several ways. 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. Additionally, we seek underperforming and distressed properties where we can add value through renovation, repositioning, redeployment, expansion, or capital restructuring. The architecturally diverse structures would allow family members to engage in their individual pursuits and gather for joint recreation and celebration. After majority owner Robert Sarver was suspended from team operations for one year that stated Sarver engaged in conduct that clearly violated common workplace standards included the use of racially insensitive language; unequal treatment of female employees; sex-related statements and conduct; and harsh treatment of employees that on occasion constituted bullying Najafi called on Sarver to resign. [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. Key Quotes: a total of $4,000 to successful Washington Lieutenant Governor candidate Cyrus Habib, the first Iranian-American to win a statewide election. Name. 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 Presidents Organization (WPO) and Chief Executives Organization (CEO). Every donation we receive from users like you goes directly into promoting high-quality data analysis and investigative journalism that you can trust. And in a $244,200 contribution to Paul Ryans joint fundraising committee. A Credit Suisse spokesman didn't dispute the loss but wouldn't comment. 0000000016 00000 n Status. 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. Between 2015 and 2016, the group. Promontory is a Pivotal Group Community. 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. immigrants significant contribution to this country than Francis [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. could not find your e-mail or password. But they dont appear to be on the same page politically. degree in engineering followed by two Masters Degrees from Thunderbird The School of Global Management, and the University of Southern California (USC). Thunderbird has touched more than 2 million learners in its 75-year history, said Thunderbird Director General and Dean Sanjeev Khagram. 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 serves as a Board Member of several private companies. ), Both releases use identical wording in several instances and note the exact same findings. ", "Paula Deen makes $75M deal to re-boot her empire", "NBA team owner may soon own Sports Illustrated's owner", "Boivin: The story behind Sean Miller's questionable timeout vs. UCLA", "STX Separating From Eros As Najafi Companies Enters $173M Agreement To Acquire Hollywood Studio", https://en.wikipedia.org/w/index.php?title=Jahm_Najafi&oldid=1141017506, This page was last edited on 22 February 2023, at 23:17. public service activities offered by the Urban Land Institute.

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