He has made such an amount from his various business. chosen a more deserving recipient of this award that celebrates Eventually, the initiative will be available for learners worldwide, reaching the goal of 100 million learners. Later he broadened Pivotal Group's mandate successfully investing in private equity and . Prior to 2018, DPUS listed in FEC filings the address of its Wilmington, Delaware incorporation agent, Corporation Trust Center at 1209 North Orange Street. Mr. Najafi started a family of privately held firms 30 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. Pivotal Group is a leading investment and development company with primary concentration on all real estate asset classes. Instastaff is a startup business that provides staffing to business customers seeking shift employees. 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 Najafi insisted the bankruptcy was not his doing. 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. 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. The company has given $2.5 million to GOP outside groups since it began ramping up its political spending in 2011. 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. Over the years, its portfolio expanded to include master-planned developments and landmark properties throughout the nation. 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. Najafi Companies did not respond to a request for comment on any potential connection with DPUS. services. July 14, 2020 10:10 AM Eastern Daylight Time. 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. But they dont appear to be on the same page politically. However, National Vista did something of note besides bankrolling a super PAC. individual achievement and encouragement of cultural unity at an awards [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. We empirically evaluate markets and asset classes allowing us to effectively anticipate market movements. The federal-level Iranian American PAC has received $15,000 from Francis Najafi, while the groups state-level 527 arm took a $5,000 contribution from DPUS in the 2016 election cycle and another $2,500 from the Jahm Najafi-owned Phoenix Suns in the 2018 cycle. Under the FECs current makeup, its debatable whether the agency would classify some of the above political contributors as shell companies at all. (Photo by Wes Clowers). By the fourth year or earlier, the program will have expanded to Europe and Central Asia with 40 total languages. subject to the rules of our, THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING, Report: Warrant Issued for Roggies Bar Owner, Boston Pops Concert Move Keeps the Beach Boys, Ditches Joey McIntyre, Lawmakers pass compounding pharmacy oversight bill, Follow this list on Twitter: @BostonPopular. Pictured is a section of the Boise, Idaho skyline. DRA Strategic CommunicationsDenise D. Resnik, 602-956-8834Nick 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. The courses, which include subjects such as global leadership, customer experience and global entrepreneurship, launch in April. (TGen); active in the Public Affairs Alliance of Iranian Americans 20005. The company makes investments in companies with transaction value up to $1 billion and holds investments from five to ten years. www.vbprofiles.com is now www.topionetworks.com. To access all the content for free, please sign up by entering your email. 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 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. It shouldnt require pulling records from other states to reveal a possible connection to another company.. Pivotal Private Equity has 2,525 employees, of which 5 are in a . 0000176062 00000 n [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. through which more than 12 million immigrants passed in their quest for 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, Najafi and his brother Francis Najafi founder of 30-year-old Phoenix investment firm Pivotal Group are. We have the expertise to assess complex investment opportunities. 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. , which would spend $494,438 to oppose Sinemas Republican opponent Vernon Parker. realestate@pivotalgroup.com, 3200 East Camelback Road 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. [16], He has also served on the board of directors for the Phoenix Symphony and Phoenix Metropolitan Area Convention and Visitors Bureau, and as chair of the board of trustees of Phoenix Country Day School. 41 0 obj <>stream 0000001495 00000 n It is unclear how DRT is funded and what the company does, outside of giving political contributions. 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. Not all apparent shell companies are necessarily dark money. | PRIVACY POLICY | REVOKE COOKIE CONSENT. 0000061404 00000 n Script error: No such module "Draft topics". SALT LAKE CITYIn a highly unusual bankruptcy outcome, the developer of a luxury golf community near Park City bought it back for pennies on the dollar Friday because the leading creditor was unable to scrap together a bid and nobody else was interested. 0000003867 00000 n Learn more about theFrancis and Dionne Najafi 100 Million Learners Global Initiative. 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 . As one of the leading Iranian-American entrepreneurs in the 0 Unlike other MLM companies, products are sold online and shipped directly to the consumer. startxref 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. 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. 0000001241 00000 n Najafi. Francis Najafi. And in a $244,200 contribution to Paul Ryans joint fundraising committee. It also doesnt mind giving identical contributions to the same group in multiple increments, as various branches of the company gave a total of four $250,000 contributions to anti-Obama super PAC Restore Our Future in 2011. Pivotal focused on the purchase of commercial properties, such as The Century Plaza Hotel in Los Angeles, Alameda, California-based Harbor Bay and 650 California Street in San Francisco. Copyright 2009 Associated Press. A group of creditors who forced the bankruptcy said he stopped paying loans in December 2007. 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. They will have lifelong learning options and alternative educational pathways through Thunderbird and ASU, or will be able to transfer the credits to other universities worldwide. Thank you for your continued support. %PDF-1.4 % With these competitive advantages, we make swift decisions and close transactions with creative and mutually beneficial structures. [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. Every donation we receive from users like you goes directly into promoting high-quality data analysis and investigative journalism that you can trust. 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. Sign up for our newsletter to track moneys influence on U.S. elections and public policy. That is so unique to Thunderbird.. There is a large body of people around the world who have no access to education, Francis Najafi said. 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. Im honored to be among the acquired and sold Network Solutions, a leading provider of Web-based 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. Dan Mahoney, co-chair of Snell & Wilmer's Venture Capital and Private Equity Industry Group. Flooding changed the course of the river in 1897 leaving a two-mile square piece of Iowa forever marooned in Nebraska. PHOENIX--(BUSINESS WIRE)--F. Francis Najafi, CEO and founder of Phoenix-based Pivotal Group, was 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. Quan, 602-373-2400. 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 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. Pivotal Group Location 1934 Old Gallows Rd Ste 350, Tysons Corner, Virginia, 22182, United States Description Industry [2][3], Najafi was born in Isfahan, Iran in 1955. . By using this website you consent to the use of cookies. Contact Tyler Rives , and they look to take control positions in companies. Access to higher education and the need for equity and inclusion is one of a global scale, ASU President Michael Crow said. 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. Promontory is a Pivotal Group Community. The opaque quality of a registered agent address makes the real source of the dark money very difficult to track. 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. It mightve come from the company, the companys owner, or it mightve come from another individual altogether. This award embodies the ideals of freedom, tolerance and acceptance F. Francis Najafi is Founder and Chief Executive Officer of Pivotal Group, a thirty-year-old investment firm with extensive experience in private equity investments, and all major real estate product types. In 1982, he founded Pivotal Group, a real estate opportunity fund. Todays announcement is a game-changer in many respects, said Soraya Hakuziyaremye, a Thunderbird alumna, former Rwandan minister of trade and current deputy Central Bank governor of Rwanda. Francis Najafi has been working as a Chief Executive Officer at Pivotal Group for 18 years. 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. 0000061585 00000 n The sale was approved by U.S. Bankruptcy Judge Judith Boulden. Mr. Najafi completed his B.S. xref 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. The company has given $2.5 million to GOP outside groups since it began ramping up its political spending in 2011. Work History. The Promontory vision guided the creation of the development of unique club structures harmonious with the land. HSn@}G)_!UQ0B`%NpNZWb93350.HB$]>f8F^z^Sk6(`Sr\\L\G ZpL,Gqi Their typical investments range from $25MM-$250MM. Francis Najafi. Pivotal focused on the purchase of commercial properties, such as The Century Plaza Hotel in Los . OpenSecrets Following the money in politics. Najafi, head of the company, invests only his own capital. 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. Use the CB Insights Platform to explore Pivotal Group's full profile. (Photo by Joe Jaszewski for The Washington Post via Getty Images). The bid fell through when Borders was liquidated. At its inception, the firm capitalized on profitable market niches by acquiring, developing and managing investment grade commercial real estate properties in the Southwest. Whether youre reading about 2022 midterm fundraising, conflicts of interest or dark money influence, we produce this content with a small, but dedicated team. 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. ", "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. The takeover required a buyer to raise millions more to keep operations at Promontory going. Pivotal Group appeared to be the VC, which was created in 1982. . 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. 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. Founded by F. Francis Najafi, Pivotal Group is a private entrepreneurial investment firm without the constraints of a traditional fund-based business model. Subscribe to see more. 0000176774 00000 n Global management certificate to be available at no cost, in 40 languages. Same platform but with new and improved features. Headquarters 1934 Old Gallows Rd Ste 350, Tysons Corner, Virginia, 22182, United States (703) 752-6178 Pivotal Group Profile and History Established in 1985, Pivotal Group is an investment company that focuses on private equity and real estate. Francis Najafi came to America from Iran to get an education and earned four degrees from three universities. In 1972, Najafi moved to Arizona where he attended Arizona State University. 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.. into the Congressional Record. Their largest recipient is Rep. Steve King (R-Iowa) with $25,700 in contributions. Pivotal Group leads significant growth equity investment in SnapNurse, an on-demand healthcare staffing platform . freedom of speech, religion and economic opportunity. F HmQ:!3%=9 The company has no website or internet presence and doesnt appear to serve any purpose other than giving to political groups. 0000182073 00000 n Melaleuca is run by billionaire GOP megadonor Frank VanderSloot, who is reported to be the richest person in Idaho at an estimated net worth of $3.4 billion, according to Forbes. Jahm Najafi is an Iranian-American businessman who runs a private-equity firm, Najafi Companies. bG*aA wfmBB FP/v}. [3][4][10][17], In December 2020, Najafi was announced as the next vice-chairman of McLaren Racing, a Formula One constructor. Status. in 2017, is clearly linked to billionaire GOP donor Bruce Kovner in several ways. In 2014, DPUS gave another $55,000 to the super PAC, which swiftly. 0000005917 00000 n 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. 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. 0000176450 00000 n [10], Najafi Companies (Najafi Cos.), a private-equity firm, was established in 2002. Copyright 2021 Pars Equality Center. The company made another contribution $10,000 to the Mitch McConnell-aligned, 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. PHOENIX, AZ - Pivotal Group, Inc., announced the successful acquisition of 21 apartment communities located in Midland, Odessa and Longview, Texas totaling over 3,200 units. Their largest recipient is, 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. 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. Name. at leading telecommunications information and logistics company, and has years ago, investing in landmark properties including the Century Plaza F. Francis Najafi is founder and CEO of Pivotal Group, a leading investment company focused on private equity and real estate. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one. Read More sale of $100 million to $1 billion. 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.