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. Same platform but with new and improved features. Iranian-American investors who happen to be politically active. [18][19][20] He was also awarded the Jonas Mayer Outstanding Alumnus Award from Thunderbird School of Global Management.[21]. [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. Another 1,500 building lots are available across a sprawling sagebrush-covered hill overlooking the ski town of Park City. [2] [3] Contents 1 Early life and education 2 Career 3 Philanthropy and recognition 4 Personal life 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. Najafi is the founder of private equity firm Najafi Cos. [26] The company invested approximately $200 million to Jeff Berg's talent agency, Resolution, after Najafi negotiated the deal in 2013. Request a free trial. 0000176774 00000 n The PAC received its largest donation of $20,000 from Francis Najafi, founder and CEO of the investment firm Pivotal Group. 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. F. Francis Najafi CEO Pivotal Group. He has made such an amount from his various business. that attract people from around the globe. In 1986, he received a master's degree in business economics from Harvard University. Pivotal's real. . Not all apparent shell companies are necessarily dark money. 0000061585 00000 n A Credit Suisse spokesman didn't dispute the loss but wouldn't comment. The sale was approved by U.S. Bankruptcy Judge Judith Boulden. 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. Francis Najafi has been working as a Chief Executive Officer at Pivotal Group for 18 years. Suite 201, Sherman Oaks, CA 91403. 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. 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 is an Iranian-American businessman and investor. My wife and I think of education as part of your basic human rights. 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. Picture courtesy of Thunderbird College of International Administration at ASU. (Melaleuca is a genus of trees from which tea tree oil is derived. Najafi said he'll have to spend about $70 million before Promontory recovers. Not all apparent shell companies are necessarily dark money. | PRIVACY POLICY | REVOKE COOKIE CONSENT. The Najafi Thunderbird Global Initiative is educational inclusion, innovation and impact at a worldwide scale, Khagram said. Pivotal group gave $3,800. Quan, 602-373-2400. For more information, visit www.pivotalgroup.com. 22/23 Colorado (13-2, 2-2 Pac-12) at Desert Financial Arena. Ellis Island is the gateway (Melaleuca is a genus of trees from which tea tree oil is derived. Mr. Najafi has substantial board-level experience. foundation board member of the Translational Genomics Research Institute Sign up for our newsletter, and we promise to send you only the good stuff. 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 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. The opaque quality of a registered agent address makes the real source of the dark money very difficult to track. Feel free to distribute or cite this material, but please credit OpenSecrets. The takeover required a buyer to raise millions more to keep operations at Promontory going. Our most important investment criterion is an outstanding management team. Thank you for accessing our content on the Topio Networks Market Intelligence Center. Mr. Najafi started a family of privately held firms 30 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. 0000001241 00000 n Sorry, we 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. 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. The owner is Wayne Hoovestol, a midwest businessman who owns several farming and trucking-related businesses, including. The firm recently acquired Global Capacity, the worlds a total of $4,000 to successful Washington Lieutenant Governor candidate Cyrus Habib, the first Iranian-American to win a statewide election. Popular Searches Pivotal Group Inc The Pivotal Group LLC 0000170314 00000 n 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. 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. We look forward to providing you with even more cutting-edge market research, as Topio Networks. 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 . He came to America from Iran to get an education and earned four degrees from three universities. Copyright 2009 Associated Press. Pivotal Group and Trumpf Ventures lead significant investment in AI cybersecurity prediction platform . 0000001016 00000 n 0000007266 00000 n Crowell previously served as an advisor to CYR3CON. Mr. Najafi serves as a Board Member of several private companies. [3] Najafi led the company through the acquisitions of the Pert Plus shampoo brand and Sure deodorant brand from Procter & Gamble in 2006,[17][19] and Trend Homes Inc. in 2008,[20] Also in 2008, Najafi and Najafi Cos. purchased Direct Group, the parent company of the Book of the Month Club, Columbia House and BMG Music Service, from Bertelsmann AG, a German book publisher. Bush sits a large, reflective office building in an upscale shopping center at 2525 E Camelback Road. [34], Najafi and his wife, Cheryl Najafi, live in Arizona with their three children. Suite 295 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. Washington, Download Full Image. The Ellis Island Medals of Honor pay tribute to the ancestry groups that [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. 22 Colorado at DFA, The Melikian Center: Russian, Eurasian and East European Studies, CHIPS Act at forefront of ASU's Mexico priorities, Watts College of Public Service and Community Solutions, School of Community Resources and Development. 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. We do not acquire companies from management teams; we partner with them. Later he broadened Pivotal Group's mandate successfully investing in private equity and . There is a large body of people around the world who have no access to education, Francis Najafi said. By using this website you consent to the use of cookies. Script error: No such module "AfC topic". 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. 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. 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. Michael Olsen Chief Financial Officer Globe Corp. Brad Parker Executive Vice President, West Region PNC Bank. However, National Vista did something of note besides bankrolling a super PAC. He has been a longtime investor in the Phoenix Suns and Mercury, and recently announced that he was maintaining his family's minority. Later he broadened Pivotal Group's mandate, successfully investing in private equity and growth venture opportunities. Pivotal focused on the purchase of commercial properties, such as The Century Plaza Hotel in Los . 0000003204 00000 n Francis Najafi Board Member Mr. Najafi is the founder and Chief Executive Officer of Pivotal Group, a forty-year-old firm that actively invests in private equity and real estate. 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. 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. Prominent holdings include Los Angeles' Century Plaza Hotel and the Ritz-Carlton in Phoenix. 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. 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 . Restoring Arizonas Integrity made all of its independent expenditures $59,796 in the Arizona 9th Congressional District Democratic primary to oppose Andrei Cherny, who would go on to lose to Sinema during her first successful bid for the House. 0000170581 00000 n Learn about Article Alert. 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. 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 . through which more than 12 million immigrants passed in their quest for 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. This article "Francis Najafi" is from Wikipedia. . Editors note:This story is featured in the2022 year in review. that Kovner owns, though such a partnership attribution is not attached to the BK2 contribution to SLF. Current. Every donation we receive from users like you goes directly into promoting high-quality data analysis and investigative journalism that you can trust. Two Thunderbird alumni, Francis and Dionne Najafi, donated $25 million to launch the initiative, the largest gift since Thunderbird joined ASU. DC (TGen); active in the Public Affairs Alliance of Iranian Americans Our goal is to enable A+ teams to reach their peaks and achieve greatness. This approval follows the acquisition by Pivotal of 100% of the secured debt of Global Capacity. Today, the club members enjoy an impressive suite of 14 signature amenities with several new additions in the works. Written by Melissa Larsen. 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. qualities in both their personal and processional lives, while The company has no website or internet presence and doesnt appear to serve any purpose other than giving to political groups. Jahm Najafi and his wife Cheryl have given $186,890 to Democratic groups and candidates since 1992, including $5,400 to Sinema in 2018. 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. VanderSloot was national finance co-chair for fellow Mormon Mitt Romneys 2012 presidential race. 0000175548 00000 n 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 plan is for a phased approach. Mr. Najafi completed his B.S. He currently serves as Chairman of the Board of NxSystems. Francis Najafi is one of Thunderbirds most notable, successful and When he needed a steadier paycheck, Karl went on to work in accounting and received his MBA at Vanderbilt. Mr. Najafis interest and commitment to community service spans the ancestors. 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. F. Francis Najafi is the American Dream come to life. 0000176062 00000 n At OpenSecrets.org we offer in-depth, money-in-politics stories in the public interest. 0000001908 00000 n Founded by F. Francis Najafi, Pivotal Group has invested in real estate assets and companies like Instastaff and Red Mountain Resort. 0000008522 00000 n Pivotal Private Equity CEO And Executives - Learn more about Pivotal Private Equity CEO Jahm Najafi and key people by exploring the management team. www.vbprofiles.com is now www.topionetworks.com. Promontory is a Pivotal Group Community. Pivotal Group appeared to be the VC, which was created in 1982. After Sinema won the primary, the super PAC transferred $100,000 to. 0000061404 00000 n 0000176450 00000 n Access to higher education and the need for equity and inclusion is one of a global scale, ASU President Michael Crow said. Francis Najafi CEO c5753ccd5d71c0 9d6ee09b348272075e14599 17ce51b948cc 7cdd6cbe9cddd078a. 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. Group is a diversified investment company primarily focused on private This approach allows us to profit from the cyclical nature of the real estate market. In 1972, Najafi moved to Arizona where he attended Arizona State University. Though the source of DRTs funding is muddy, it appears to have a relatively obvious link to Hoovestols businesses. [4] Upon graduation from ASU, he attended the Thunderbird School of Global Management and earned a Masters Degree in International Management in 1977. 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. 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 in 2017, is clearly linked to billionaire GOP donor Bruce Kovner in several ways. Jackie Pelham Global Business Leader W. L. Gore & Associates Inc. Glenn Rufrano Community Member. %%EOF 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. Francis Najafi. DAN DELANEY. services. Island Medal of Honor is sanctioned by the U.S. Congress and entered We are grateful for their commitment to a borderless expansion of the opportunities that come with higher education.. where he earned a Bachelors Degree in Engineering in 1976. 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. In 2007, it sold Network Solutions to General Atlantic for $800 million. A Melaleuca representative expressed an interest in making a comment but did not do so by press time on Tuesday. 0000156504 00000 n [5], It may require cleanup to comply with Wikipedia's content policies, particularly, Last edited on 22 February 2023, at 23:17, Learn how and when to remove this template message, https://find-and-update.company-information.service.gov.uk/officers/7kT3EZmjY_q3xCRr-sV12MaDUOY/appointments, "How billionaire is using financial muscle for racial equity", "Network Solutions bought for $20 million, sold for $800 million three years later", "Possible New Owner for Borders: Meet Jahm Najafi", "Resolution COO Jeff Franklin Exits Agency", "Pivotal Private Equity to Acquire World's Largest Domain Name Registrar, Network Solutions", "Phoenix Investors Group Buys Century Plaza Hotel", "Pivotal plunking down $138M for office tower", "Najafi kicks Penske's tires; no Deadline deal", "NBA statement about independent investigation regarding Robert Sarver and the Phoenix Suns organization", "Phoenix Suns minority owner Jahm Najafi calls for Robert Sarver's resignation", https://arizonasports.com/story/3487485/mat-ishbias-purchase-of-phoenix-suns-set-to-be-complete-by-tuesday/, "U.S.-based MSP Sports Capital buys into McLaren F1", "Penguin Random House Sells Self-Publishing Company", "Borders Picks Najafi Companies as Lead Bidder", "Report: Phoenix investor competes with Alec Gores in bid for Borders Group", "June 27 deadline looms for bids to buy Globe", "Jeff Berg Speaks: Plans for New Agency, What Really Happened at ICM (Exclusive)", "Paula Deen Lands $75 Million to $100 Million Business DealShe's Making a Comeback, Y'all! Najafi, head of the company, invests only his own capital. individual achievement and encouragement of cultural unity at an awards In 2005, Mr. Najafi established the Pivotal Foundation, as a charitable vehicle to give back to society and provide patronage for international awareness initiatives . However, National Vista did something of note besides bankrolling a super PAC. 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. Mitchel Sayare Chairman of the Board PharmAthene, Inc. Hilla Sferruzza By the second year, the program will be expanded across Africa, the Middle East, Asia and Latin America to at least 25 languages. 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. "Having finished his undergraduate study in engineering, Francis obtained two masters degrees from the American Graduate School . Notable deals. - F. Francis Najafi, CEO of Pivotal Group. Obtain the property report and read it before signing anything. "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. In 1982, he founded Pivotal Group, a real estate opportunity fund. 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. Pivotal Group is a diversified investment company primarily focused on private equity and real estate. 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. , 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. Mr. Najafi is one of six Iranian-Americans to receive the Ellis Island 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. Francis Najafi. They gave just $20,400 to Republicans during that time. Founded by F. Francis Najafi, Pivotal Group is a private entrepreneurial investment firm without the constraints of a traditional fund-based business model. As of 2023, Jahm Najafi net worth is roughly around $3.5 billion. Contact Tyler Rives DPUS didnt limit its political giving to federal elections. country, Francis outstanding career is matched only by his sincere 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. 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. The company made another contribution $10,000 to the Mitch McConnell-aligned Senate Leadership Fund (SLF) two weeks before election day. [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. The company asserts that its products are healthier and more environmentally-friendly than national brands. <<7E07F676488E4E4DB696AADCB8495A3F>]>> OpenSecrets Following the money in politics. 0000181689 00000 n The United States is a country of immigrants, each group of people F. Francis Najafi is founder and CEO of Pivotal Group, a leading investment company focused on private equity and real estate. Visit www.NECO.org At USC, he began his entrepreneurial activities while a PhD candidate in International Political Economy. his commitment to the ideals for which Thunderbird stands and his
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