(TGen); active in the Public Affairs Alliance of Iranian Americans Thirty years ago, Najafi founded Pivotal Group, one of the Valley's top investment companies. The club would be thoughtfully visioned to create something truly unique, reaching beyond the traditional country club offerings. 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. 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. He was named to the Phoenix Business Journal's Forty under 40 list in 2001. 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. in the midst of the Arizona gubernatorial election between Doug Ducey and Fred DuVal. 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 owner is Wayne Hoovestol, a midwest businessman who owns several farming and trucking-related businesses, including. 0000161708 00000 n He currently serves as Chairman of the Board of NxSystems. 0000005250 00000 n Help provided: Students staff ASU's Counselor Training Center, Leaders on how ASU masters degree in nonprofit management prepared them for successful careers, 14-year-old ASU Online student hoping to engage, empower the next generation, Biden cybersecurity strategy a positive step, ASU expert says, Morrison Institute contributing to the 'future of democracy,' Crow says, Melikian Center receives federal funding to expand global study opportunities, Francis and Dionne Najafi 100 Million Learners Global Initiative, Sun Devil WBB opens Pac-12 play on Friday vs. No. Carey School of Business Deans Council. And in a $244,200 contribution to Paul Ryans joint fundraising committee. continuing to preserve the distinct values and rich heritage of their The plan is for a phased approach. F. Francis Najafi is the American Dream come to life. 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. 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. Health Care. 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. Hoovestol and Lucht did not respond to phone messages inquiring about DRT. xb``Pd``qe```:01G"300284; SsjB'89\{ )Nwnsn(ijtd`;4lF@Nb+ fe`, r Francis Najafi is owner of The Pivotal Group, a long-time Phoenix businessman and philanthropist. Bush sits a large, reflective office building in an upscale shopping center at 2525 E Camelback Road. 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. 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. 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 Private Equity CEO And Executives - Learn more about Pivotal Private Equity CEO Jahm Najafi and key people by exploring the management team. The company has no website or internet presence and doesnt appear to serve any purpose other than giving to political groups. By using this website you consent to the use of cookies. "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. 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. bG*aA wfmBB FP/v}. Notable deals. services. Mitchel Sayare Chairman of the Board PharmAthene, Inc. Hilla Sferruzza Top image: Thunderbird School of Global Management headquarters in downtown Phoenix. Pivotal Group Location 1934 Old Gallows Rd Ste 350, Tysons Corner, Virginia, 22182, United States Description Industry Im honored to be among the Between 2015 and 2016, the group gave a total of $4,000 to successful Washington Lieutenant Governor candidate Cyrus Habib, the first Iranian-American to win a statewide election. 0000182073 00000 n . It is unclear how DRT is funded and what the company does, outside of giving political contributions. Script error: No such module "AfC topic". Pivotal Private Equity Company Rankings Pivotal Group is a leading investment company focused on private equity There is a large body of people around the world who have no access to education, Francis Najafi said. freedom of speech, religion and economic opportunity. Francis Najafi Phone Number Found 3 phone numbers: 602625XXXX 602-956-XXXX . "It was a most unusual agreement," said Richard Aaron, a retired University of Utah bankruptcy-law professor and Promontory's auctioneer. Though the source of DRTs funding is muddy, it appears to have a relatively obvious link to Hoovestols businesses. This article "Francis Najafi" is from Wikipedia. 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. acquired and sold Network Solutions, a leading provider of Web-based F. Francis Najafi is founder and CEO of Pivotal Group, a leading investment company focused on private equity and real estate. All rights reserved. The firm recently acquired Global Capacity, the worlds Washington, 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. At its inception, the firm capitalized on profitable market niches by acquiring, developing and managing investment grade commercial real estate properties in the Southwest. He then started to run The Pivotal Group with his brother, Francis, which focused on the purchase of major commercial properties in California. Founded by F. Francis Najafi, Pivotal Group has invested in real estate assets and companies like Instastaff and Red Mountain Resort. 6 36 "Integrity is your word, your character and the foundation for all future endeavors. He is also a graduate of Thunderbird School of Global Management ('77) as is his wife. As an immigrant some five decades ago, I learned the value of education. equity and real estate. xref The certificate will be covered by full scholarships, thus at no cost to learners. world. Mr. Najafi is one of six Iranian-Americans to receive the Ellis Island . But they dont appear to be on the same page politically. Dan Mahoney, co-chair of Snell & Wilmer's Venture Capital and Private Equity Industry Group. Habib also got another $3,900 from the Iranian American PAC. Every donation we receive from users like you goes directly into promoting high-quality data analysis and investigative journalism that you can trust. . ", "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. 0000002534 00000 n 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 is founder and Chief Executive Officer of Pivotal Group, a thirty year old investment firm with experience in private equity and real estate investments. 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. Based on our data team's research, Jahm Najafi is the Pivotal Private Equity's CEO. <<7E07F676488E4E4DB696AADCB8495A3F>]>> 0000003867 00000 n With these competitive advantages, we make swift decisions and close transactions with creative and mutually beneficial structures. Richer's PAC had $69,761 in total expenditures, with $45,000 going to Defending Arizona Values, a campaign launched by Arizona Democrat Rep. Ann Kirkpatrick. [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. 0000061404 00000 n Eventually, the initiative will be available for learners worldwide, reaching the goal of 100 million learners. Global management certificate to be available at no cost, in 40 languages. comprise Americas unique cultural mosaic. 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. We do not acquire companies from management teams; we partner with them. A group of creditors who forced the bankruptcy said he stopped paying loans in December 2007. Another 1,500 building lots are available across a sprawling sagebrush-covered hill overlooking the ski town of Park City. DPUS didnt limit its political giving to federal elections. [2] [3] Contents 1 Early life and education 2 Career 3 Philanthropy and recognition 4 Personal life Francis Najafi - $111,000 in Political Contributions for 2020, Campaign Finance, Money, American politics, American political campaign contributions, presidential campaign contributions . This unrestricted gift will support the production and operating costs that Ballet Arizona incurs to produce its six mainstage performances over the . 0000156504 00000 n 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. The Ellis Island Medals of Honor pay tribute to the ancestry groups that Like Education Secretary Betsy DeVos, of the Amway multi-level marketing fortune, VanderSloot is a supporter of charter schools and spent $2 million to found the American Heritage Charter School in his home, Idaho Falls. 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. 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. 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. 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 Jackie Pelham Global Business Leader W. L. Gore & Associates Inc. Glenn Rufrano Community Member. every race from so many walks of life, together, celebrating the magic In 1972, Najafi moved to Arizona where he attended Arizona State University. Najafi Companies did not respond to a request for comment on any potential connection with DPUS. 0000156916 00000 n Subscribe to see more. We see every color, realestate@pivotalgroup.com, 3200 East Camelback Road recipients who represent all sectors and cultures in our society.. One dark money trail leads to Carter Lake, Iowa, population 3,785. Not all so-called shell corporations are as easy to trace. Our target properties include full-service hotels and resorts; office, multifamily, and mixed-use projects; and master-planned residential communities. This material may not be published, broadcast, rewritten, or redistributed. a symbol of freedom and tolerance around the world, said Senator John He is also on the Board of Directors of the Quincy Institute, active in the Worlds Presidents Organization (WPO) and Chief Executives Organization (CEO). 0000061585 00000 n Fund a NeedBecome a SponsorBecome a Volunteer, Phone: (408) 297-6700Fax: (408) 261-6401 Email: info@parsequalitycenter.orgAddress: 1635 The Alameda, San Jose, CA 95126, Phone: (818) 616-3091 Fax: (818) 616-3092 Address: 4954 Van Nuys Blvd. ), One month before National Vistas incorporation, Melaleuca made its own $400,000 contribution to SLF, along with a separate $400,000 to, (CLF) on the same date. The Ellis (Photo by Joe Jaszewski for The Washington Post via Getty Images). It shouldnt require pulling records from other states to reveal a possible connection to another company.. 0000176062 00000 n 0000176450 00000 n Website by Needlestack. Copyright 2009 Associated Press. Iranian-American investors who happen to be politically active. Like Education Secretary Betsy DeVos, of the. The club would be thoughtfully visioned to create something truly unique, reaching beyond the traditional country club offerings. Thank you for accessing our content on the Topio Networks Market Intelligence Center. "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. Some of these LLCs, such as DRT, LLC, are easier to track than others. Mr. Najafi started a family of privately held firms 30 Current. 0000170314 00000 n Francis Najafi. He founded the privately held firm 30 years ago, investing in landmark properties. A member of the franchise system of BHH Affiliates, LLC. It also doesnt mind giving identical contributions to the same group in multiple increments, as various branches of the company gave a total of, Melaleuca is run by billionaire GOP megadonor Frank VanderSloot, who is reported to be the richest person in Idaho at an, of $3.4 billion, according to Forbes. In addition to his professional success, this father of . Pivotal Private Equity has 2,525 employees, of which 5 are in a . [34], Najafi and his wife, Cheryl Najafi, live in Arizona with their three children. 0000181689 00000 n Pictured is a section of the Boise, Idaho skyline. (Melaleuca is a genus of trees from which tea tree oil is derived. Learn more about theFrancis and Dionne Najafi 100 Million Learners Global Initiative. 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. Francis is much more prolific and conservative. He runs Najafi Companies, a Phoenix-based private-equity firm, and is partial owner of the Phoenix Suns NBA team. His company was responsible for the redesign and re-launch of the Esplanade Mall on Camelback Road. 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. Arizona State Universitys Thunderbird School of Global Managementannounced plans today to educate 100 million learners by 2030, thanks to a historic $25 million donation. Open Secrets following the money in politics, An obscure Carter Lake limited liability company (LLC) named DRT, LLC made a $250,000 contribution to pro-Trump super PAC, in April 2018. 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 . [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. , which would spend $494,438 to oppose Sinemas Republican opponent Vernon Parker. Suite 201, Sherman Oaks, CA 91403. Najafi, head of the company, invests only his own capital. The National Ethnic Coalition of Organizations (NECO), the largest The business wasted little time jumping into politics, giving $400,000 to the Mitch McConnell-aligned Senate Leadership Fund (SLF) on Oct. 17, 2018. Today, with its capital resources, experience and expertise, Pivotal Group is well positioned for continued success in the private equity and real estate markets. Najafi kept operations going during a yearlong bankruptcy. in 2017, is clearly linked to billionaire GOP donor Bruce Kovner in several ways. The opaque quality of a registered agent address makes the real source of the dark money very difficult to track. We work across a diverse range of industries, including telecommunications, technology, media, aerospace, consumer, and business services. But they dont appear to be on the same page politically. diversity of the American people is what makes this nation great. Prior to 2018, DPUS listed in FEC filings the address of its Wilmington, Delaware incorporation agent, Corporation Trust Center at 1209 North Orange Street. 0000006605 00000 n Thank you for your continued support. 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. The United States is a country of immigrants, each group of people , 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. 0000161571 00000 n Najafi is the founder of private equity firm Najafi Cos. We look forward to providing you with even more cutting-edge market research, as Topio Networks. Francis is much more prolific and conservative. Not all apparent shell companies are necessarily dark money. Pivotal concentrated on buying commercial properties such as 650 California Street in San Francisco, The . "Having finished his undergraduate study in engineering, Francis obtained two masters degrees from the American Graduate School . [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. [2][3], Najafi was born in Isfahan, Iran in 1955. The purpose of disclosure is to allow people to know immediately upon looking at an FEC report who the contributors are. tank; a trustee and alumnus of Thunderbird School of Global Management; Script error: No such module "Draft topics". Najafi said he believes sales will pick up in a year or two, making Promontory viable again. In 1986, he received a master's degree in business economics from Harvard University. www.vbprofiles.com is now www.topionetworks.com. to learn more. Later he broadened Pivotal Group's mandate successfully investing in private equity and . A similar address isnt the only piece of circumstantial evidence that appears to link Najafi to the apparent shell company. Pivotal Group is a leading investment and development company with primary concentration on all real estate asset classes. 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. %%EOF VanderSloot was, national finance co-chair for fellow Mormon Mitt Romneys 2012 presidential race. 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. 0000003204 00000 n "There is no question in my mind that the economy will recover.". When he needed a steadier paycheck, Karl went on to work in accounting and received his MBA at Vanderbilt. [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. 41 0 obj <>stream "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. He has been a longtime investor in the Phoenix Suns and Mercury, and recently announced that he was maintaining his family's minority. Pivotal Group and Trumpf Ventures lead significant investment in AI cybersecurity prediction platform . Francis Najafi. Read More sale of $100 million to $1 billion. All Rights Reserved. Subscribe to see more. 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. 22/23 Colorado (13-2, 2-2 Pac-12) at Desert Financial Arena. We invest in later-stage venture capital and growth equity opportunities in order to help generate notable growth over time. standards, and a firm belief that business can be a powerful source of 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. The company makes investments in companies with transaction value up to $1 billion and holds investments from five to ten years. However, National Vista did something of note besides bankrolling a super PAC. Crowell previously served as an advisor to CYR3CON. "My wife and I think of education as part of your basic human rights. 0000001742 00000 n Their largest recipient is Rep. Steve King (R-Iowa) with $25,700 in contributions. 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 . In 1982, he founded Pivotal Group, a real estate opportunity fund. 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. Jahm Najafi is an Iranian-American businessman who runs a private-equity firm, Najafi Companies. Ellis Island is the gateway Opposing bids came from former Warner Music Group executive Edgar Bronfman Jr., Iowa-based company Meredith Corporation, and private equity firm Pamplona Capital Management. Pivotal's Francis Najafi and Tyler Rives also join SnapNurse's Board of . [3], Najafi has a bachelor's degree in economics from the University of California, Berkeley. 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.
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