communities such as Promontory, an award-wining second-home community in AI-Driven Cybersecurity Prediction Company CYR3CON Closes $8.2 Million Not all apparent shell companies are necessarily dark money. ancestors. 6 36 Francis Najafi - Add Relationship - LittleSis Today, the club members enjoy an impressive suite of 14 signature amenities with several new additions in the works. 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. Subscribe to see more. Francis Najafi is one of Thunderbirds most notable, successful and 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. 0000006605 00000 n The only link to National Vista on the internet is an obscure document that highlights a widely cited study linking national brand cleaning products such as Clorox and Lysol to lung damage. Najafi said he believes sales will pick up in a year or two, making Promontory viable again. 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. In addition to his professional success, this father of . For more information, visit. The business wasted little time jumping into politics, giving $400,000 to the Mitch McConnell-aligned Senate Leadership Fund (SLF) on Oct. 17, 2018. Arizona State University Announces Effort To Educate 100 - Forbes Washington, Francis Najafi - SourceWatch Pivotal Group Company Profile | Management and Employees List 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. Jahm Najafi - Wikipedia VanderSloot was national finance co-chair for fellow Mormon Mitt Romneys 2012 presidential race. into the Congressional Record. The company has no website or internet presence and doesnt appear to serve any purpose other than giving to political groups. 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. 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. 0000007915 00000 n in 2017, is clearly linked to billionaire GOP donor Bruce Kovner in several ways. 0000161571 00000 n Francis is much more prolific and conservative. The club would be thoughtfully visioned to create something truly unique, reaching beyond the traditional country club offerings. The sale was approved by U.S. Bankruptcy Judge Judith Boulden. The opaque quality of a registered agent address makes the real source of the dark money very difficult to track. Pivotal's Private Equity practice, which is traditionally oriented around full buyouts. To explore Pivotal Group's full profile, request access. 0000176450 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. Obtain the property report and read it before signing anything. Francis Najafi - Chief Executive Officer - Pivotal Group | ZoomInfo AZ Inno - My View: Arizona has a growing number of entrepreneur funding Learn more about theFrancis and Dionne Najafi 100 Million Learners Global Initiative. . Pivotal Group - Overview, News & Competitors | ZoomInfo.com , 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. Founded by F. Francis Najafi, Pivotal Group is a private entrepreneurial investment firm without the constraints of a traditional fund-based business model. 0000001742 00000 n Unlike other MLM companies, products are sold online and shipped directly to the consumer. 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. F. Francis Najafi CEO Pivotal Group. Prior to 2018, DPUS listed in FEC filings the address of its Wilmington, Delaware incorporation agent, Corporation Trust Center at 1209 North Orange Street. Hoovestol and Lucht did not respond to phone messages inquiring about DRT. awarded the Ellis Island Medal of Honor for outstanding citizenship, Francis Najafi came to America from Iran to get an education and earned four degrees from three universities. organization of its kind in the U.S., presented the award. Visit www.NECO.org 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. 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. A similar address isnt the only piece of circumstantial evidence that appears to link Najafi to the apparent shell company. unwavering efforts to advance global business and global citizenship, 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 . Though the source of DRTs funding is muddy, it appears to have a relatively obvious link to Hoovestols businesses. 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. The fact that Najafi was able to buy his own project back so cheaply is a reflection of the turbulence in credit markets. 0000182369 00000 n It mightve come from the company, the companys owner, or it mightve come from another individual altogether. Company: Industry: Round Size: Date: Investors: Location: SnapNurse. Najafi kept operations going during a yearlong bankruptcy. endstream endobj 7 0 obj <> endobj 8 0 obj <> endobj 9 0 obj <>/ColorSpace<>/Font<>/ProcSet[/PDF/Text/ImageC]/ExtGState<>>> endobj 10 0 obj <> endobj 11 0 obj <> endobj 12 0 obj <> endobj 13 0 obj [/Indexed/DeviceRGB 250 26 0 R] endobj 14 0 obj <>stream With these competitive advantages, we make swift decisions and close transactions with creative and mutually beneficial structures. His company was responsible for the redesign and re-launch of the Esplanade Mall on Camelback Road. Pivotal Group is a Phoenix, Arizona basedprivate equity financing firm. In 2014, DPUS gave another $55,000 to the super PAC, which swiftly. 0000001495 00000 n bG*aA wfmBB FP/v}. 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. 0000175548 00000 n 0000063403 00000 n The learners in the initiativewill receive a badge for each course they complete and a 15-unit accredited certificate upon successful completion of all five courses. "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. comprise Americas unique cultural mosaic. [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. [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. Subscribe to see more. The McCain-Soros connection: It started after senator got caught in his commitment to the ideals for which Thunderbird stands and his Pivotal's real. Pivotal Group's private equity arm focuses on middle-market companies and annual. Quan, 602-373-2400. 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 multimillion-dollar homes have already been built. Tottenham takeover - Who is Jahm Najafi? Businesses, success with Not all so-called shell corporations are as easy to trace. abiding respect and understanding of other cultures, high ethical freedom of speech, religion and economic opportunity. The architecturally diverse structures would allow family members to engage in their individual pursuits and gather for joint recreation and celebration. every race from so many walks of life, together, celebrating the magic A 501(c)(3) tax-exempt, charitable organization, 1100 13th Street, NW, Suite 800 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. He runs Najafi Companies, a Phoenix-based private-equity firm, and is partial owner of the Phoenix Suns NBA team. Read More sale of $100 million to $1 billion. 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 . Pivotal's Francis Najafi and Tyler Rives also join SnapNurse's Board of . Francis Najafi - $111,000 in Political Contributions for 2020, Campaign Finance, Money, American politics, American political campaign contributions, presidential campaign contributions . 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. standards, and a firm belief that business can be a powerful source of 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. We invest in later-stage venture capital and growth equity opportunities in order to help generate notable growth over time. 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. [18], In 2003, Najafi, through Najafi Cos., purchased Network Solutions from Verisign Inc. for $20 million. Todays announcement is a game-changer in many respects, said Soraya Hakuziyaremye, a Thunderbird alumna, former Rwandan minister of trade and current deputy Central Bank governor of Rwanda. the ULI Foundation, which generates funding for research, education and Crowell previously served as an advisor to CYR3CON. F HmQ:!3%=9 Founded by CEO Francis Najafi, Pivotal Group is a diversified investment company primarily focused on private equity and real estate. 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. "It was a most unusual agreement," said Richard Aaron, a retired University of Utah bankruptcy-law professor and Promontory's auctioneer. Over the years, its portfolio expanded to include master-planned developments and landmark properties throughout the nation. that Kovner owns, though such a partnership attribution is not attached to the BK2 contribution to SLF. Francis Najafi, founder of Pivotal Group, announced the acquisition on behalf of a joint venture between an institutional investor and Pivotal Group. Francis Najafi - $111,000 in Political Contributions for 2020 Sorry, we Pivotal Group is the largest investor in the startup company. Pivotal Group leads significant growth equity investment in SnapNurse, an on-demand healthcare staffing platform . 6 0 obj <> endobj Park City, UT 84098. TODAY'S DEALS: Pivotal Group Acquires 21 Communities in Texas Pivotal Group hires managing director for private equity The Najafi Thunderbird Global Initiative is educational inclusion, innovation and impact at a worldwide scale, Khagram said. The company has no website or internet presence and doesnt appear to serve any purpose other than giving to political groups. 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. Title. 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. The honorees are remarkable Americans who exemplify outstanding Pivotal Group backs SnapNurse | PE Hub The company has given $2.5 million to GOP outside groups since it began ramping up its political spending in 2011. 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. [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. 0000061404 00000 n (Melaleuca is a genus of trees from which tea tree oil is derived. in the midst of the Arizona gubernatorial election between Doug Ducey and Fred DuVal. Top image: Thunderbird School of Global Management headquarters in downtown Phoenix. But it doesnt make the money any less dark, as there is no way to know the real source of the funds. 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 . Jahm Najafi Wiki, Biography, Age, Family, Height, Net Worth, Fast Facts No federal or state agency has judged the merits or value, if any, of this property. DPUS didnt limit its political giving to federal elections. 0000181206 00000 n Shervin Pishevar Awards Cyrus Prize to Dropbox Co-Founder at - Payvand The first contribution was refunded, 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. Group is a diversified investment company primarily focused on private Like Education Secretary Betsy DeVos, of the. By using this website you consent to the use of cookies. All Rights Reserved. Mr. Najafi is one of six Iranian-Americans to receive the Ellis Island When he needed a steadier paycheck, Karl went on to work in accounting and received his MBA at Vanderbilt. [17] In January 2022, Najafi gifted $25 million to Arizona State University and the Thunderbird International School of Business. We focus on companies and projects that lead in their market segments, show growth potential, and exhibit attractive margins. 2023 Promontory Club. where he earned a Bachelors Degree in Engineering in 1976. Najafi said he'll have to spend about $70 million before Promontory recovers. "My wife and I think of education as part of your basic human rights. As of 2023, Jahm Najafi net worth is roughly around $3.5 billion. tank; a trustee and alumnus of Thunderbird School of Global Management; With $25M Gift, Thunderbird Launches Global Initiative To Educate 100 Pivotal Group Inc. completes a joint venture acquisition of 21 communities in Texas; NewGate Capital introduces a new fund aimed at the redevelopment of mixed-use projects in Central Florida; and . The group aired multiple television ads to attack Cherny, him a Washington, D.C. insider in another. <<7E07F676488E4E4DB696AADCB8495A3F>]>> 41 0 obj <>stream 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. Learn about Article Alert. [7], Najafi founded Pivotal Group in 1982. Pivotal Group appeared to be the VC, which was created in 1982. 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. The Ellis - F. Francis Najafi, CEO of Pivotal Group. 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. Chief Executive Officer. Francis Najafi. 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. Script error: No such module "Draft topics". They gave just $20,400 to Republicans during that time. Jahm Najafi: Wiki, Bio, Age, Height, Wife, Family, Net Worth, House Use the CB Insights Platform to explore Pivotal Group's full profile. 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. 2022 Promontory Development, LLC. We are grateful for their commitment to a borderless expansion of the opportunities that come with higher education.. Want first access to OpenSecrets' investigations and data features? 1209107 | TMA - Turnaround A group of creditors who forced the bankruptcy said he stopped paying loans in December 2007. They are headquartered in Phoenix, Arizona. 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. PHOENIX--(BUSINESS WIRE)--F. Francis Najafi, CEO and founder of Phoenix-based Pivotal Group, was Editors note:This story is featured in the2022 year in review. (PAAIA), a leading Iranian philanthropic institution; and governor of In court on Friday, Credit Suisse didn't support or oppose Najafi's bid, surrendering the battle. , VanderSloot is a supporter of charter schools and spent $2 million to found the American Heritage Charter School in his home, Idaho Falls. Hakuziyaremye said Africans across the continent will be able to access a world-class global education. 0000001241 00000 n In 2007, it sold Network Solutions to General Atlantic for $800 million. Flooding changed the course of the river in 1897 leaving a two-mile square piece of Iowa forever marooned in Nebraska. continued economic prosperity and world leadership, said Mr. Najafi. Home - Pivotal Group www.vbprofiles.com is now www.topionetworks.com. He has made such an amount from his various business. 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. 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. Najafi called for Phoenix Suns' majority owner Robert Sarver's resignation on Thursday night, September 15. All prices, incentives, locations, descriptions, options, and terms are subject to change without notice. The bid fell through when Borders was liquidated. Najafi holds an 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. Jamshid Jahm Najafi (born March 1963)[1] is an Iranian-American billionaire[2] businessman. However, National Vista did something of note besides bankrolling a super PAC. July 14, 2020 10:10 AM Eastern Daylight Time. Pivotal Group is a diversified investment company primarily focused on private equity and real estate. $25 million gift to expand Arizona State's Global Management school 20005. "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. As an immigrant some five decades ago, I learned the value of education. GTT to Acquire Global Capacity [28][29][30][31], In 2017, Najafi bid for ownership of Time Inc. through his company, Najafi Cos. Time is the owner of publications including Sports Illustrated, Fortune and People. country, Francis outstanding career is matched only by his sincere But they dont appear to be on the same page politically. Name. Mr. [3][4][10][17], In December 2020, Najafi was announced as the next vice-chairman of McLaren Racing, a Formula One constructor. 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. (Photo by Wes Clowers). Pivotal Group Portfolio Investments, Pivotal Group Funds, Pivotal Group