Opposing bids came from former Warner Music Group executive Edgar Bronfman Jr., Iowa-based company Meredith Corporation, and private equity firm Pamplona Capital Management. 6 0 obj <> endobj 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. years ago, investing in landmark properties including the Century Plaza Pictured is a section of the Boise, Idaho skyline. Prior to 2018, DPUS listed in FEC filings the address of its Wilmington, Delaware incorporation agent, Corporation Trust Center at 1209 North Orange Street. bG*aA wfmBB FP/v}. in 2017, is clearly linked to billionaire GOP donor Bruce Kovner in several ways. "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. Title. Jamshid Jahm Najafi (born March 1963)[1] is an Iranian-American billionaire[2] businessman. The list of its authors can be seen in its historicaland/or the page Edithistory:Francis Najafi. Complete the form or call 435.333.4600 to learn more about this property. AI-Driven Cybersecurity Prediction Company CYR3CON Closes $8.2 Million Francis Najafi is an Iranian-American businessman and investor. Pivotal Group, Inc. | LinkedIn (TGen); active in the Public Affairs Alliance of Iranian Americans Francis Najafi - PARS Equality Center Website by Needlestack. could not find your e-mail or password. EXCLUSIVE: Soros, Clinton-Linked Teneo Among Donors to McCain Institute A member of the franchise system of BHH Affiliates, LLC. Bankrupt luxury community sold to same developer - Boston.com into the Congressional Record. The club would be thoughtfully visioned to create something truly unique, reaching beyond the traditional country club offerings. , and they look to take control positions in companies. Pivotal Private Equity has 2,525 employees, of which 5 are in a . Founded by F. Francis Najafi, Pivotal Group is a private entrepreneurial investment firm without the constraints of a traditional fund-based business model. Lee Iacocca, Rupert Murdoch and Barron Hilton. linking national brand cleaning products such as Clorox and Lysol to lung damage. The company makes investments in companies with transaction value up to $1 billion and holds investments from five to ten years. | PRIVACY POLICY | REVOKE COOKIE CONSENT. 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. This material may not be published, broadcast, rewritten, or redistributed. Developer Story - Promontory Club Park City UT At the end of the National Vista document, it simply states: If you havent done so already, now is the time to rid your home of the dangerous national cleaning products that contain so many harmful chemicals.. to the FEC about contributions to conservative super PAC DefendArizona from two apparent shell companies Highway 76, LLC and Blue Magnolia Investments, LLC it made an impact. 0000000016 00000 n 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. No credit card required. The Ellis 2022 Promontory Development, LLC. Pivotal Private Equity Company Rankings Chief Executive Officer @ Pivotal Group Preparing Francis profile View Francis's Email & Phone (It's Free) 5 free lookups per month. Feel free to distribute or cite this material, but please credit OpenSecrets. "He feels a sense of obligation to the community and a desire to protect the reputation of a development he's so closely associated with," said David Jordan, one of the lawyers for the Pivotal Group subsidiaries that operate Promontory. 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. Healthcare staffing platform SnapNurse announces strategic investment The firm recently acquired Global Capacity, the worlds Health Care. 0000176450 00000 n 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, 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. [1] He is the founder of Pivotal Group - a private equity and real estate investment firm based in Phoenix, Arizona and he is a minor shareholder of the NBA's Phoenix Suns. 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. An obscure Carter Lake limited liability company (LLC) named DRT, LLC made a $250,000 contribution to pro-Trump super PAC America First Action in April 2018. Pivotal Group Portfolio Investments, Pivotal Group Funds, Pivotal Group Learn more about theFrancis and Dionne Najafi 100 Million Learners Global Initiative. 0000161571 00000 n We invest in later-stage venture capital and growth equity opportunities in order to help generate notable growth over time. 0000003867 00000 n But they don't appear to be on the same page politically. As an immigrant some five decades ago, I learned the value of education. Flooding changed the course of the river in 1897 leaving a two-mile square piece of Iowa forever marooned in Nebraska. The company later acquired the France, Belgium, Switzerland and Quebec operations of Direct Group. in the midst of the heated Senate election between Democrat Kyrsten Sinema and Republican Martha McSally. He has been a longtime investor in the Phoenix Suns and Mercury, and recently announced that he was maintaining his family's minority. In 1982, he founded Pivotal Group, a real estate opportunity fund. For example, BK2 Holdings, a Princeton Junction, New Jersey-based company that. HSn@}G)_!UQ0B`%NpNZWb93350.HB$]>f8F^z^Sk6(`Sr\\L\G ZpL,Gqi 0000004555 00000 n that is America, said Nasser J. Kazeminy, Chairman of NECO. tank; a trustee and alumnus of Thunderbird School of Global Management; It mightve come from the company, the companys owner, or it mightve come from another individual altogether. to learn more. Page 6 of 9. degree in engineering followed by two Masters Degrees from Thunderbird The School of Global Management, and the University of Southern California (USC). The business wasted little time jumping into politics, giving $400,000 to the Mitch McConnell-aligned, The funders behind National Vista did a good job concealing their identities, using the address of the companys registered agent. Pivotal focused on the purchase of commercial properties, such as The Century Plaza Hotel in Los . 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. Script error: No such module "AfC topic". 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. (Melaleuca is a genus of trees from which tea tree oil is derived. his commitment to the ideals for which Thunderbird stands and his He was named to the Phoenix Business Journal's Forty under 40 list in 2001. [13][14], Some of the organizations that have benefitted from Najafi's Pivotal Foundation which was established in 2005 includeBallet Arizona (to assist in performance production),[15][16] PARSA Community Foundation. He is a board member of EastWest Institute, a global think-and-do "Integrity is your word, your character and the foundation for all future endeavors. 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. Instastaff is a startup business that provides staffing to business customers seeking shift employees. . He was drawn to an entrepreneurial culture, worked with Ed Robson of Robson Communities in the 1980's, and then joined Francis Najafi, Founder of Pivotal Group, as a partner in real estate investment. The United States is a country of immigrants, each group of people Request a free trial. It makes investments with internal capital rather than raising funds from institutional investors, as is the industry norm. The fact that Najafi was able to buy his own project back so cheaply is a reflection of the turbulence in credit markets. [3], Najafi has a bachelor's degree in economics from the University of California, Berkeley. Working At Pivotal Private Equity: Employee Reviews and Culture It is unclear how DRT is funded and what the company does, outside of giving political contributions. Not all so-called shell corporations are as easy to trace. . 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. The Promontory vision guided the creation of the development of unique club structures harmonious with the land. (Photo by Joe Jaszewski for The Washington Post via Getty Images). [9], He serves as partial owner and vice chairman of the Phoenix Suns professional basketball team[4][13] and a governor on the board of the National Basketball Association. ceremony this past weekend in the historic Great Hall on Ellis Island. Francis Najafi is founder and Chief Executive Officer of Pivotal Group, a forty-year-old investment firm with experience in private equity, growth ventures and real estate investments. Based on our data team's research, Jahm Najafi is the Pivotal Private Equity's CEO. As one of the leading Iranian-American entrepreneurs in the One dark money trail leads to Carter Lake, Iowa, population 3,785. 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 Iranian nuclear deal the Obama . 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. For more information, visit www.pivotalgroup.com. Park City, UT 84098. 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. [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. 0000001318 00000 n Equal Housing Opportunity. Disclosure of who is spending money in elections is a vital component of our campaign finance system, but transparency is undermined when a wealthy donor launders their contribution through a shell company, said Brendan Fischer, director of federal reform at the nonpartisan Campaign Legal Center. At its inception, the firm capitalized on profitable market niches by acquiring,. Tyler Rives and Francis Najafi of Pivotal . One of the reasons Arizona State University is so pleased to have Thunderbird as part of our enterprise is because it is a school that has been focused on sustained prosperity worldwide for decades. [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. [18][19][20] He was also awarded the Jonas Mayer Outstanding Alumnus Award from Thunderbird School of Global Management.[21]. Justin Lanne and Sandy Alter of Grubb and Ellis represented the sellers . [26] The company invested approximately $200 million to Jeff Berg's talent agency, Resolution, after Najafi negotiated the deal in 2013. 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. A Melaleuca representative expressed an interest in making a comment but did not do so by press time on Tuesday. The National Ethnic Coalition of Organizations (NECO), the largest The company has no website or internet presence and doesnt appear to serve any purpose other than giving to political groups. SnapNurse platform gets $15 million investment, $100 million credit leading telecommunications information and logistics company, and has 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. 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. DRA Strategic CommunicationsDenise D. Resnik, 602-956-8834Nick Sign up for our newsletter, and we promise to send you only the good stuff. ancestors. Francis Najafi, Founder and Chief Executive Officer, Pivotal Group Technically, the town is on the Nebraska side of the Missouri River in Omaha, and its horseshoe-shaped lake was once an oxbow bend of the river itself. If youd like to learn more or opt-out, please. As an immigrant some five decades ago, I learned the value of education. Dean's Council members - W. P. Carey School of Business To explore Pivotal Group's full profile, request access. committed graduates, not only in his professional career, but also for Company: Industry: Round Size: Date: Investors: Location: SnapNurse. DPUS was incorporated in Delaware in July 2012 and immediately got to work funneling money into Arizona politics, giving a total of $175,000 to a brand new super PAC called Restoring Arizonas Integrity in 2012. It shouldnt require pulling records from other states to reveal a possible connection to another company.. At its inception, the firm capitalized on profitable market niches by acquiring, developing and managing investment grade commercial real estate properties in the Southwest. But it doesnt make the money any less dark, as there is no way to know the real source of the funds. We focus on companies and projects that lead in their market segments, show growth potential, and exhibit attractive margins. Since 2001, we have generated a substantial economic impact to Summit County, including $2 billion in construction projects, $90 million in property tax revenue, $340,000 for affordable housing, $1.2 million in grants to local non-profits, $3 million-plus in agriculture protection fees, $84 million in employee wages plus an additional $84 Subscribe to see more. 0 The learners in the initiativewill receive a badge for each course they complete and a 15-unit accredited certificate upon successful completion of all five courses. Pivotal focused on the purchase of . Pivotal Group Team (17) Name Title Related Financings Office Contact Info; Francis Najafi Ph.D: Founder & Chief Executive Officer: 0: Phoenix, AZ Richard Garner: Chief Operating Officer: Phoenix, AZ Scott Knauer: Managing Director: Phoenix, AZ Tyler Rives: Managing . 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. Our private mountain club began in 2001, when the world was introduced to the vision of Promontory by an uncompromising developer with extensive experience in building communities and providing high-end hospitality. and real estate. 20005. 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. Homeowners and a group of other creditors expressed confidence in Najafi's continued management and his $30 million bid, which pays off some debts, but not the Credit Suisse loan holders. Najafi worked for Salomon Brothers 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. F. Francis Najafi, CEO and founder of Phoenix-based Pivotal Group, is being awarded the Ellis Island Medal of Honor from the National Ethnic Coalition of Organizations. They gave just $20,400 to Republicans during that time. Picture courtesy of Thunderbird College of International Administration at ASU. 0000001241 00000 n [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. NAJAFI, FRANCIS PHOENIX, AZ 85018: Pivotal Group/Pivotal Group/Ceo: $2,800: 11/08/2019: P: DEBBIE LESKO FOR CONGRESS - Republican: NAJAFI, FRANCIS PHOENIX . , 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. In 2015, Huffington Post reported that Francis may have used a shell company called Tread Standard LLC to transfer $150,000 to a pro-Jeb Bush super PAC. DPUS didnt limit its political giving to federal elections. Script error: No such module "Draft topics". Top image: Thunderbird School of Global Management headquarters in downtown Phoenix. Najafi called for Phoenix Suns' majority owner Robert Sarver's resignation on Thursday night, September 15. I learned my basic management skills and leadership here at Thunderbird, where I also learned that you can work through your cultural and social differences. Pivotal group gave $3,800. Jahm Najafi Bio, Parents, Wife, Children, Siblings, Net Worth [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. Pivotal Group 6 Investments, 2 Exits, 5 Portfolio companies Unicorn And in a $244,200 contribution to Paul Ryans joint fundraising committee. 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. Unlike other MLM companies, products are sold online and shipped directly to the consumer. PDF F. Francis Najafi Founder and CEO Pivotal Group - Urban Land Institute 41 0 obj <>stream Jahm Najafi: Wiki, Bio, Age, Height, Wife, Family, Net Worth, House organization of its kind in the U.S., presented the award. [34], Najafi and his wife, Cheryl Najafi, live in Arizona with their three children. He is also a partial owner and vice chairman of the Phoenix Suns NBA team. unwavering efforts to advance global business and global citizenship, said Thunderbird President ngel Cabrera, Ph.D. Mr. 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. Pivotal Group Company Profile | Management and Employees List Francis Najafi is founder and Chief Executive Officer of Pivotal Group, a forty-year-old investment firm with experience in private equity, growth ventures and real estate investments. communities such as Promontory, an award-wining second-home community in 0000005917 00000 n [2] [3] Contents 1 Early life and education 2 Career 3 Philanthropy and recognition 4 Personal life And former NSA Deputy Director Bill Crowell will also join the board. freedom of speech, religion and economic opportunity. Still, when Campaign Legal Center sent a complaint to the FEC about contributions to conservative super PAC DefendArizona from two apparent shell companies Highway 76, LLC and Blue Magnolia Investments, LLC it made an impact. the ULI Foundation, which generates funding for research, education and "F. Francis Najafi Founder and CEO Pivotal Group", "Suns Sale Closes Today:Sarver Becomes Main Owner", "With $25M gift, ASU's Thunderbird School of Global Management aims to educate 100 million worldwide by 2030", "Investor report 20042005 - Arizona Memory Project", "Board of Directors Nonprofit Leadership - The O'Connor Institute", "Landmark Hotel in Los Angeles Sold to Private Real-Estate Group", "Francis Najafi, Author at Quincy Institute for Responsible Statecraft", "GPEC welcomes new board of directors members 2018-19", "Phoenix Art Museum begins year-long celebration of its 60th anniversary with "The pARTy in the Garden" gala and late-night Museum-gala experience "The afterpARTy," celebrating Museum's rich history of providing access to the arts", "Current Supporters | EastWest Institute", "CyBERsECURITy: FORGING SOLUTIONS - EastWest Institute", "F. Francis and Dionne Najafi of Pivotal Foundation Award Ballet Arizona $500,000 in Multi-Year Gift - Health & Living Magazine", "PIVOTAL FOUNDATION - ArizonaCorporates Company Profiles of Arizona", "Philanthropist Francis Najafi Gives $1M to PARSA Community Foundation", "Mark Zuckerberg and Priscilla Chan Are Giving $50 Million to U. of Hawaii", "Najafi receives Ellis Island Medal of Honor", "Five Iranian Americans to Receive Ellis Island Medal of Honor Award", "The Valley's Most Powerful Men2012 - Page 11", "Francis and Dionne Najafi Donate $25 Million to ASU's Thunderbird School of Global Management", article "Francis Najafi" is from Wikipedia, https://en.everybodywiki.com/index.php?title=Francis_Najafi&oldid=3075039, Thunderbird School of Global Management alumni, University of South Carolina Beaufort alumni, Thunderbird School of International Management. 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. A similar address isnt the only piece of circumstantial evidence that appears to link Najafi to the apparent shell company. We are grateful for their commitment to a borderless expansion of the opportunities that come with higher education.. DPUS didnt limit its political giving to federal elections. But they dont appear to be on the same page politically. Jahm Najafi has a brother called Francis Najafi with whom he runs The Pivotal Group, a firm that focused on the purchase of major commercial properties in California Jahm Najafi Net Worth According to reports, Jahm Najafi has an estimated net worth of $3.5 billion. Francis Najafi. The owner is Wayne Hoovestol, a midwest businessman who owns several farming and trucking-related businesses, including. [13][6][27], In 2014, Najafi, through Najafi Cos., invested between $75 and $100 million to Paula Deen and Paula Deen Ventures to fuel her rebranding after she was fired from The Food Network in June 2013. Melaleuca sells its products through a multi-level marketing structure. Pivotal Group hires managing director for private equity Just because you can suspect an LLC has connections to company, it doesnt really tell you anything about the source of the money, Fischer said. The commission could rule that National Vista, in producing a document about the hazards of national cleaners, shows that it has a purpose besides acting as a conduit to funnel anonymous contributions. Not all apparent shell companies are necessarily dark money. comprise Americas unique cultural mosaic. Utah enclave bought back - The Denver Post 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. 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. The LLCs address, 200 Owen Parkway Circle, is the same as Lone Mountain Truck Leasing, and its registered agent in Iowa is Andy Lucht, CFO of the truck company. Francis Najafi (Na-JAF-ee), chief executive of Phoenix-based Pivotal Group, emerged triumphantly from a courtroom Friday as the same owner of Promontory, where more than 350 multimillion-dollar homes have already been built. Later he broadened Pivotal Group's mandate successfully investing in private equity and .
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