Except for the Revolving Door section, content on this site is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 3.0 United States License by OpenSecrets.org. Name. Status. 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. www.vbprofiles.com is now www.topionetworks.com. He and his wife Dionne have given a total of $590,933 to Republican candidates and causes and $136,600 to Democratic ones. 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. property in San Francisco, the Phoenix Ritz-Carlton; and developing 0000182073 00000 n Later he broadened Pivotal Group's mandate, successfully investing in private equity and growth venture opportunities. Our target properties include full-service hotels and resorts; office, multifamily, and mixed-use projects; and master-planned residential communities. 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. There is a large body of people around the world who have no access to education, Francis Najafi said. Access to higher education and the need for equity and inclusion is one of a global scale, ASU President Michael Crow said. F. Francis Najafi is founder and CEO of Pivotal Group, a leading investment company focused on private equity and real estate. But they dont appear to be on the same page politically. For example, BK2 Holdings, a Princeton Junction, New Jersey-based company that. Pivotal's Private Equity practice, which is traditionally oriented around full buyouts. Francis Najafi is a '77 alum of Thunderbird, and his wife, Dionne, is an '06 alum. 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. "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. Your comment is 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. 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. Not all apparent shell companies are necessarily dark money. Habib also got another $3,900 from the Iranian American PAC. Thank you for accessing our content on the Topio Networks Market Intelligence Center. We do not acquire companies from management teams; we partner with them. 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. 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. services. That is so unique to Thunderbird.. "Having finished his undergraduate study in engineering, Francis obtained two masters degrees from the American Graduate School . that attract people from around the globe. tank; a trustee and alumnus of Thunderbird School of Global Management; "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. Carey School of Business Deans Council. He then started to run The Pivotal Group with his brother, Francis, which focused on the purchase of major commercial properties in California. Najafi is founder and CEO of Pivotal Group, a 30-year-old investment firm with extensive experience in private equity investments, and all major real estate product types. 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. Though the source of DRTs funding is muddy, it appears to have a relatively obvious link to Hoovestols businesses. 0000061404 00000 n continuing to preserve the distinct values and rich heritage of their [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. [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. 2023 Promontory Club. 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. Professional Services . that Kovner owns, though such a partnership attribution is not attached to the BK2 contribution to SLF. 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. 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. We empirically evaluate markets and asset classes allowing us to effectively anticipate market movements. Phoenix, AZ 85018. The company later acquired the France, Belgium, Switzerland and Quebec operations of Direct Group. Script error: No such module "AfC topic". 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. 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. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Francis Najafi is owner of The Pivotal Group, a long-time Phoenix businessman and philanthropist. in 2017, is clearly linked to billionaire GOP donor Bruce Kovner in several ways. Subscribe to see more. "There is a large body of people around the world who have no access to education," said Francis Najafi, who came to the United States from Iran and founded Pivotal Group, a real estate opportunity fund. ceremony this past weekend in the historic Great Hall on Ellis Island. Health Care. Pivotal Group is a Phoenix, Arizona basedprivate equity financing firm. 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. Same platform but with new and improved features. 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. Crowell previously served as an advisor to CYR3CON. 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 "It was a most unusual agreement," said Richard Aaron, a retired University of Utah bankruptcy-law professor and Promontory's auctioneer. Hoovestol and Lucht did not respond to phone messages inquiring about DRT. Lee Iacocca, Rupert Murdoch and Barron Hilton. Mr. Najafi currently serves as Chairman of the Board of Global Capacity, on the Board of Directors of the EastWest Institute, active in the World's President's Organization (WPO . Mr. Najafis interest and commitment to community service spans the NECO was created in 1984 on the conviction of its founders that the Pivotal Group leads significant growth equity investment in SnapNurse, an on-demand healthcare staffing platform . The use of shell company contributions to super PACs is a growing trend that has captured the attention of government watchdogs. Pivotal concentrated on buying commercial properties such as 650 California Street in San Francisco, The . The honorees are remarkable Americans who exemplify outstanding Najafi kept operations going during a yearlong bankruptcy. 0000007266 00000 n Suite 201, Sherman Oaks, CA 91403. Pivotal's real. Together, we anticipate growth and success for our customers, employees, and partners." "With this agreement, we are combining two highly complementary organizations with closely aligned core values and operating strategies," stated F. Francis Najafi, founder and CEO of Pivotal Group, owner of Global Capacity. To request permission for commercial use, please contactus. , which would spend $494,438 to oppose Sinemas Republican opponent Vernon Parker. Sign up for our newsletter, and we promise to send you only the good stuff. Najafi said he believes sales will pick up in a year or two, making Promontory viable again. Medal of Honor this year. in the midst of the heated Senate election between Democrat Kyrsten Sinema and Republican Martha McSally. Mr. Najafi serves as a Board Member of several private companies. Jahm Najafi and his wife Cheryl have given $186,890 to Democratic groups and candidates since 1992, including $5,400 to Sinema in 2018. He is also a graduate of Thunderbird School of Global Management ('77) as is his wife. 22/23 Colorado (13-2, 2-2 Pac-12) at Desert Financial Arena. The Najafi Companies is an entrepreneurially driven private investment firm founded by Jahm Najafi in 2002. into the Congressional Record. 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. 0000155666 00000 n For the first time since December 30, the Sun Devil women's basketball team (8-5, 0-0 Pac-12) will return to action on Friday (5 p.m. MST) when it hosts No. Tyler Rives and Francis Najafi of Pivotal . Jackie Pelham Global Business Leader W. L. Gore & Associates Inc. Glenn Rufrano Community Member. acquired and sold Network Solutions, a leading provider of Web-based It shouldnt require pulling records from other states to reveal a possible connection to another company.. Francis Najafi is an Iranian-American businessman and investor. [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. %%EOF One dark money trail leads to Carter Lake, Iowa, population 3,785. We work across a diverse range of industries, including telecommunications, technology, media, aerospace, consumer, and business services. By the fourth year or earlier, the program will have expanded to Europe and Central Asia with 40 total languages. Instastaff is a startup business that provides staffing to business customers seeking shift employees. Park City, Utah. 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. Written by Melissa Larsen. Today, the club members enjoy an impressive suite of 14 signature amenities with several new additions in the works. All rights reserved. Learn about Article Alert. 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. Thirty years ago, Najafi founded Pivotal Group, one of the Valley's top investment companies. 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. [10], Najafi Companies (Najafi Cos.), a private-equity firm, was established in 2002. xb``Pd``qe```:01G"300284; SsjB'89\{ )Nwnsn(ijtd`;4lF@Nb+ fe`, r 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 . Najafi said he'll have to spend about $70 million before Promontory recovers. When he needed a steadier paycheck, Karl went on to work in accounting and received his MBA at Vanderbilt. 0000003204 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. Francis is much more prolific and conservative. Pivotal Group, Thunderbird The School of Global Management, Intelligent Assistance and Bots Ecosystem. Locally, Mr. Najafi serves, on the Board of Directors of Sandra Day OConnor Institute, is a Cabinet Member of the Presidents Club at Arizona State University, a Board Member Emeritus and Capital Campaign Chair of Arizona Science Center, and serves on ASUs W.P. Suite 295 his commitment to the ideals for which Thunderbird stands and his In 2014, DPUS gave another $55,000 to the super PAC, which swiftly. . He is a board member of EastWest Institute, a global think-and-do He previously served on the . 0000161571 00000 n The certificate will be covered by full scholarships, thus at no cost to learners. He founded the privately held firm 30 years ago, investing in landmark properties. continued economic prosperity and world leadership, said Mr. Najafi. 0000005917 00000 n 8758 N Promontory Ranch Rd ", "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. He is also on the Board of Directors of the Quincy Institute, active in the Worlds Presidents Organization (WPO) and Chief Executives Organization (CEO). 0000004555 00000 n Script error: No such module "Draft topics". 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. DPUS didnt limit its political giving to federal elections. Francis Najafi (Pivotal Group), Dionne Najafi, Leila Ghaffani, Shaygan Kheredpir and and Abdi Soltani (ACLU - American Civil Liberties Union of Northern California) pose for a photograph at the PARS Equality Center 4th Annual Nowruz Gala at Marriott Waterfront Burlingame Hotel on March 8, 2014 in Burlingame, California. In the first year, the initiative aims to reach learners in Iran, Kenya, Mexico, Indonesia, Egypt, India, Senegal, Brazil and Vietnam in their native languages. This award embodies the ideals of freedom, tolerance and acceptance We understand that it takes vision, persistence, and humility to succeed. NAJAFI, FRANCIS PHOENIX, AZ 85018: Pivotal Group/Pivotal Group/Ceo: $2,800: 11/08/2019: P: DEBBIE LESKO FOR CONGRESS - Republican: NAJAFI, FRANCIS PHOENIX . 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. [4] Upon graduation from ASU, he attended the Thunderbird School of Global Management and earned a Masters Degree in International Management in 1977. Najafi is the founder of private equity firm Najafi Cos. But they don't appear to be on the same page politically. [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. Founded more than a quarter-century ago by CEO Francis Najafi, Pivotal With these competitive advantages, we make swift decisions and close transactions with creative and mutually beneficial structures. 0000161708 00000 n "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. 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. Mr. Najafi has received several honors including the Ellis Island Medal of Honor, the NCCJ Humanitarian Award, Thunderbird Alumni Association Distinguished Alumni Award for Achievement as an Entrepreneur, and was honored as a Thunderbird Global Leader with the unveiling of the Najafi Global Mindset Institute at Thunderbird School of Global Management.
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