"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. committed graduates, not only in his professional career, but also for [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. Pivotal Group - Overview, News & Competitors | ZoomInfo.com 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. "It was a most unusual agreement," said Richard Aaron, a retired University of Utah bankruptcy-law professor and Promontory's auctioneer. [4][23][24][25] Najafi and Najafi Cos. also bid to buy The Boston Globe in 2013. 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. 0000176450 00000 n Jahm Najafi is an Iranian-American businessman who runs a private-equity firm, Najafi Companies. Francis Najafi is an Iranian-American businessman and investor. 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. , and they look to take control positions in companies. 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. The PAC received its largest donation of $20,000 from Francis Najafi, founder and CEO of the investment firm Pivotal Group. After Sinema won the primary, the super PAC transferred $100,000 to. Najafi insisted the bankruptcy was not his doing. PDF F. Francis Najafi Founder and CEO Pivotal Group - Urban Land Institute Prominent holdings include Los Angeles' Century Plaza Hotel and the Ritz-Carlton in Phoenix. , which would spend $494,438 to oppose Sinemas Republican opponent Vernon Parker. comprise Americas unique cultural mosaic. Developer Story - Promontory Club Park City UT A member of the franchise system of BHH Affiliates, LLC. Founded by F. Francis Najafi, Pivotal Group has invested in real estate assets and companies like Instastaff and Red Mountain Resort. Ballet Arizona gets $500,000 grant from Pivotal Group Francis Najafi - Add Relationship - LittleSis 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. Our target properties include full-service hotels and resorts; office, multifamily, and mixed-use projects; and master-planned residential communities. 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. 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. F. Francis Najafi is the American Dream come to life. ceremony this past weekend in the historic Great Hall on Ellis Island. 0000170581 00000 n Whether youre reading about 2022 midterm fundraising, conflicts of interest or dark money influence, we produce this content with a small, but dedicated team. The Valley's Most Powerful Men2011 - Page 6. country, Francis outstanding career is matched only by his sincere Thank you for your continued support. where he earned a Bachelors Degree in Engineering in 1976. 0000156504 00000 n One month before National Vistas incorporation, Melaleuca made its own $400,000 contribution to SLF, along with a separate $400,000 to Congressional Leadership Fund (CLF) on the same date. Mitchel Sayare Chairman of the Board PharmAthene, Inc. Hilla Sferruzza 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. EXCLUSIVE: Soros, Clinton-Linked Teneo Among Donors to McCain Institute It shouldnt require pulling records from other states to reveal a possible connection to another company.. It is unclear how DRT is funded and what the company does, outside of giving political contributions. Najafi Companies did not respond to a request for comment on any potential connection with DPUS. a symbol of freedom and tolerance around the world, said Senator John 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. 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. 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. [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. Leadership - Sandra Day O'Connor Institute Pivotal Group CEO, F. Francis Najafi, Awarded Ellis Island Medal of 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. Mr. Subscribe to see more. 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. "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. Tottenham takeover - Who is Jahm Najafi? Businesses, success with TODAY'S DEALS: Pivotal Group Acquires 21 Communities in Texas 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. 8758 N Promontory Ranch Rd 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. 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. 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. diversity of the American people is what makes this nation great. [10], Najafi Companies (Najafi Cos.), a private-equity firm, was established in 2002. 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. The business wasted little time jumping into politics, giving $400,000 to the Mitch McConnell-aligned Senate Leadership Fund (SLF) on Oct. 17, 2018. To request permission for commercial use, please contactus. Later he broadened Pivotal Group's mandate successfully investing in private equity and . continuing to preserve the distinct values and rich heritage of their 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. 0000001742 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 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. degree in engineering followed by two Masters Degrees from Thunderbird The School of Global Management, and the University of Southern California (USC). Jahm Najafi Bio, Parents, Wife, Children, Siblings, Net Worth We see every color, Pivotal Private Equity Company Rankings With these competitive advantages, we make swift decisions and close transactions with creative and mutually beneficial structures. 0000000016 00000 n 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. Popular Searches Pivotal Group Inc The Pivotal Group LLC Copyright 2021 Pars Equality Center. 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. 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. (PAAIA), a leading Iranian philanthropic institution; and governor of F Francis Najafi - VC DATALAB - KANDO DPUS didnt limit its political giving to federal elections. 0000182073 00000 n About QI - Quincy Institute for Responsible Statecraft 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. 1209107 | TMA - Turnaround In 1972, Najafi moved to Arizona where he attended Arizona State University. Dean's Council members - W. P. Carey School of Business 0000176774 00000 n 0000008522 00000 n Mr. Najafis interest and commitment to community service spans the Founded more than a quarter-century ago by CEO Francis Najafi, Pivotal The only link to National Vista on the internet is an. DAN DELANEY. startxref Learn more about theFrancis and Dionne Najafi 100 Million Learners Global Initiative. 0000061404 00000 n [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. Sorry, we Pivotal focused on the purchase of . freedom of speech, religion and economic opportunity. Photo by Samantha Chow/ASU News, Reporter , ASU News. Najafi said he'll have to spend about $70 million before Promontory recovers. We do not acquire companies from management teams; we partner with them. Pivotal concentrated on buying commercial properties such as 650 California Street in San Francisco, The . Title. %PDF-1.4 % 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 . [3][4][10][17], In December 2020, Najafi was announced as the next vice-chairman of McLaren Racing, a Formula One constructor. Francis is much more prolific and conservative. Working At Pivotal Private Equity: Employee Reviews and Culture [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. The main office of represented VC is situated in the Phoenix. AI-Driven Cybersecurity Prediction Company CYR3CON Closes $8.2 Million Park City, UT 84098. "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. The Ellis 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. At its inception, the firm capitalized on profitable market niches by acquiring, developing and managing investment grade commercial real estate properties in the Southwest. Atlanta Inno - Parent company of SnapNurse files $17.8M raise (Melaleuca is a genus of trees from which tea tree oil is derived. 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. Guest editorial: Promontory inaccurately portrayed in affordable VanderSloot was, national finance co-chair for fellow Mormon Mitt Romneys 2012 presidential race. Two Thunderbird alumni, Francis and Dionne Najafi, donated $25 million to launch the initiative, the largest gift since Thunderbird joined ASU. Island Medal of Honor is sanctioned by the U.S. Congress and entered Pivotal focused on the purchase of commercial properties, such as The Century Plaza Hotel in Los . To explore Pivotal Group's full profile, request access. 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. in the midst of the heated Senate election between Democrat Kyrsten Sinema and Republican Martha McSally. He is also on the Board of Directors of the Quincy Institute, active in the Worlds Presidents Organization (WPO) and Chief Executives Organization (CEO). 0000156916 00000 n 0000001908 00000 n 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. In addition to his professional success, this father of . In 2014, DPUS gave another $55,000 to the super PAC, which swiftly. 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. 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. xref 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. F HmQ:!3%=9 Hoovestol and Lucht did not respond to phone messages inquiring about DRT. 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. Francis Najafi. 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 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. 0000007915 00000 n Promontory is a Pivotal Group Community. Tyler Rives and Francis Najafi of Pivotal . 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. Copyright 2009 Associated Press. 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. Tottenham takeover - Who is Jahm Najafi? Businesses, success with The company makes investments in companies with transaction value up to $1 billion and holds investments from five to ten years. 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. Pivotal Group is part of the Venture Capital & Private Equity industry, and located in Virginia, United States. Thunderbird School of Global Management at Arizona State University For example, BK2 Holdings, a Princeton Junction, New Jersey-based company that. 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. Im honored to be among the But they don't appear to be on the same page politically. [2] [3] Contents 1 Early life and education 2 Career 3 Philanthropy and recognition 4 Personal life They gave just $20,400 to Republicans during that time. Opposing bids came from former Warner Music Group executive Edgar Bronfman Jr., Iowa-based company Meredith Corporation, and private equity firm Pamplona Capital Management. $25 million gift to expand Arizona State's Global Management school Restoring Arizonas Integrity made all of its independent expenditures $59,796 in the. Michael Olsen Chief Financial Officer Globe Corp. Brad Parker Executive Vice President, West Region PNC Bank. that is America, said Nasser J. Kazeminy, Chairman of NECO. economic prosperity and human development around the world.. Their largest recipient is Rep. Steve King (R-Iowa) with $25,700 in contributions. He has been a longtime investor in the Phoenix Suns and Mercury, and recently announced that he was maintaining his family's minority. McCain. Francis Najafi - $111,000 in Political Contributions for 2020, Campaign Finance, Money, American politics, American political campaign contributions, presidential campaign contributions . tank; a trustee and alumnus of Thunderbird School of Global Management; Ellis Island is the gateway By using this website you consent to the use of cookies. 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. All prices, incentives, locations, descriptions, options, and terms are subject to change without notice. 0000175548 00000 n And former NSA Deputy Director Bill Crowell will also join the board. 0000161571 00000 n 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 . 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. 41 0 obj <>stream This award embodies the ideals of freedom, tolerance and acceptance 0000005250 00000 n 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. At USC, he began his entrepreneurial activities while a PhD candidate in International Political Economy. 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. Name. 0000006605 00000 n could not find your e-mail or password. Obtain the property report and read it before signing anything. Over the years, its portfolio expanded to include master-planned developments and landmark properties throughout the nation. The owner is Wayne Hoovestol, a midwest businessman who owns several farming and trucking-related businesses, including. For more information, visit www.pivotalgroup.com. Pivotal (Francis Najafi/Tyler Rives) The Najafi Companies (Jahm Najafi) . At its inception, the firm capitalized on profitable market niches by acquiring,. Subscribe to see more. Francis Najafi Phone Number Found 3 phone numbers: 602625XXXX 602-956-XXXX . Mr. Najafi has substantial board-level experience. Pivotal Group is the largest investor in the startup company. Habib also got another $3,900 from the Iranian American PAC. Who Are These Guys? - Promontory Club Park City UT property in San Francisco, the Phoenix Ritz-Carlton; and developing 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. Francis Najafi email address & phone number | Pivotal Group Chief [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. 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 is a leading investment and development company with primary concentration on all real estate asset classes. Revolutionary Healthcare Staffing Platform SnapNurse Announces [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. <<7E07F676488E4E4DB696AADCB8495A3F>]>> He currently serves as Chairman of the Board of NxSystems. "My wife and I think of education as part of your basic human rights. 2022 Promontory Development, LLC. Francis Najafi. 20005. 0000161708 00000 n We empirically evaluate markets and asset classes allowing us to effectively anticipate market movements. [5], In May 2011, Najafi received the Ellis Island Medal of Honor for outstanding citizenship, individual achievement, and encouragement of cultural unity. 0000001318 00000 n Pivotal Group Acquires 21 Apartment Communities You have revoked consent to allow cookies. Francis Najafi came to America from Iran to get an education and earned four degrees from three universities. 22/23 Colorado (13-2, 2-2 Pac-12) at Desert Financial Arena. 0000181206 00000 n Habib also got another $3,900 from the Iranian American PAC. Najafi. "Integrity is your word, your character and the foundation for all future endeavors. A Melaleuca representative expressed an interest in making a comment but did not do so by press time on Tuesday. Pictured is a section of the Boise, Idaho skyline. The firm recently acquired Global Capacity, the worlds Pivotal group gave $3,800. 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. Editors note:This story is featured in the2022 year in review. and real estate. continued economic prosperity and world leadership, said Mr. Najafi. Our most important investment criterion is an outstanding management team. As of 2023, Jahm Najafi net worth is roughly around $3.5 billion. trailer We have the expertise to assess complex investment opportunities. Read More sale of $100 million to $1 billion. Top image: Thunderbird School of Global Management headquarters in downtown Phoenix. Najafi is the founder of private equity firm Najafi Cos. Dark Money: Coming from a shell company near you OpenSecrets - Truthout
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