The fact that Najafi was able to buy his own project back so cheaply is a reflection of the turbulence in credit markets. To access all the content for free, please sign up by entering your email. [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. The main office of represented VC is situated in the Phoenix. He has made such an amount from his various business. 0000182073 00000 n The plan is for a phased approach. VanderSloot was, national finance co-chair for fellow Mormon Mitt Romneys 2012 presidential race. . Flooding changed the course of the river in 1897 leaving a two-mile square piece of Iowa forever marooned in Nebraska. Pivotal's Francis Najafi and Tyler Rives also join SnapNurse's Board of . 0000063403 00000 n Lee Iacocca, Rupert Murdoch and Barron Hilton. 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. 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. Pivotal Private Equity has 2,525 employees, of which 5 are in a . Sorry, we 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. Francis Najafi. This article "Francis Najafi" is from Wikipedia. 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 National Ethnic Coalition of Organizations could not have and real estate. Najafi is the founder of private equity firm Najafi Cos. [2] [3] Contents 1 Early life and education 2 Career 3 Philanthropy and recognition 4 Personal life Contact Tyler Rives 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. 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. Picture courtesy of Thunderbird College of International Administration at ASU. Francis Najafi, founder of Pivotal Group, announced the acquisition on behalf of a joint venture between an institutional investor and Pivotal Group. Use the CB Insights Platform to explore Pivotal Group's full profile. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one. Hotel in Los Angeles, 650 California Street, a Class A commercial office Melaleuca sells its products through a multi-level marketing structure. Group is a diversified investment company primarily focused on private Access to higher education and the need for equity and inclusion is one of a global scale, ASU President Michael Crow said. "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. 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. A member of the franchise system of BHH Affiliates, LLC. Global management certificate to be available at no cost, in 40 languages. Francis Najafi, 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 . 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 Restoring Arizonas Integrity in 2012. 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 certificate will be covered by full scholarships, thus at no cost to learners. "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. 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 . ", "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. A similar address isnt the only piece of circumstantial evidence that appears to link Najafi to the apparent shell company. 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. 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. committed graduates, not only in his professional career, but also for 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. Thunderbird Dean Sanjeev Khagram celebrates the launch of the 100 million learners international initiative with Francis and Dionne Najafi. He is also a partial owner and vice chairman of the Phoenix Suns NBA team. Promontory is a Pivotal Group Community. www.vbprofiles.com is now www.topionetworks.com. We understand that it takes vision, persistence, and humility to succeed. chosen a more deserving recipient of this award that celebrates DPUS didnt limit its political giving to federal elections. In 1972, Najafi moved to Arizona where he attended Arizona State University. He came to America from Iran to get an education and earned four degrees from three universities. Najafi was also a founding partner of Social Venture . 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. 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 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. A Credit Suisse spokesman didn't dispute the loss but wouldn't comment. country, Francis outstanding career is matched only by his sincere The document is copyrighted 2018 National Vista, Inc. Some of the wording in it exactly mirrors that used in a, , an Idaho-based company that sells its own cleaning products along with an arsenal of health-related products. into the Congressional Record. 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. OpenSecrets Following the money in politics. Park City, Utah. public service activities offered by the Urban Land Institute. property in San Francisco, the Phoenix Ritz-Carlton; and developing Same platform but with new and improved features. 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 . Photo by Samantha Chow/ASU News, Reporter , ASU News. By the fourth year or earlier, the program will have expanded to Europe and Central Asia with 40 total languages. world. With these competitive advantages, we make swift decisions and close transactions with creative and mutually beneficial structures. 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. 41 0 obj <>stream A 501(c)(3) tax-exempt, charitable organization, 1100 13th Street, NW, Suite 800 <<7E07F676488E4E4DB696AADCB8495A3F>]>> F. Francis Najafi is founder and CEO of Pivotal Group, a leading investment company focused on private equity and real estate. This approach allows us to profit from the cyclical nature of the real estate market. Script error: No such module "AfC topic". (Photo by Wes Clowers). He currently serves as Chairman of the Board of NxSystems. startxref 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. linking national brand cleaning products such as Clorox and Lysol to lung damage. But they don't appear to be on the same page politically. Founded by CEO Francis Najafi, Pivotal Group is a diversified investment company primarily focused on private equity and real estate. Pivotal Group and Trumpf Ventures lead significant investment in AI cybersecurity prediction platform . Learn about Article Alert. The only link to National Vista on the internet is an. That is so unique to Thunderbird.. 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. 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. adding to the rich diversity and cultural hodgepodge that makes America 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. [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. In 2014, DPUS gave another $55,000 to the super PAC, which swiftly. [13][6][27], In 2014, Najafi, through Najafi Cos., invested between $75 and $100 million to Paula Deen and Paula Deen Ventures to fuel her rebranding after she was fired from The Food Network in June 2013. continued economic prosperity and world leadership, said Mr. Najafi. NAJAFI, FRANCIS PHOENIX, AZ 85018: Pivotal Group/Pivotal Group/Ceo: $2,800: 11/08/2019: P: DEBBIE LESKO FOR CONGRESS - Republican: NAJAFI, FRANCIS PHOENIX . 0000001495 00000 n "Integrity is your word, your character and the foundation for all future endeavors. Francis Najafi is owner of The Pivotal Group, a long-time Phoenix businessman and philanthropist. 8758 N Promontory Ranch Rd Key Quotes: 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. ), 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. 0 The PAC received its largest donation of $20,000 from Francis Najafi, founder and CEO of the investment firm Pivotal Group. bG*aA wfmBB FP/v}. awarded the Ellis Island Medal of Honor for outstanding citizenship, 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. 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 . Im honored to be among the Najafi called for Phoenix Suns' majority owner Robert Sarver's resignation on Thursday night, September 15. Crowell previously served as an advisor to CYR3CON. Francis Najafi is one of Thunderbirds most notable, successful and 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. communities such as Promontory, an award-wining second-home community in 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. Current. Jackie Pelham Global Business Leader W. L. Gore & Associates Inc. Glenn Rufrano Community Member. Quan, 602-373-2400. Not all so-called shell corporations are as easy to trace. Ellis Island is the gateway Mr. Najafi has substantial board-level experience. However, National Vista did something of note besides bankrolling a super PAC. Written by Melissa Larsen. 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. One dark money trail leads to Carter Lake, Iowa, population 3,785. We want to make sure you get the most out of our platform. 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. "It was a most unusual agreement," said Richard Aaron, a retired University of Utah bankruptcy-law professor and Promontory's auctioneer. 0000170581 00000 n It shouldnt require pulling records from other states to reveal a possible connection to another company.. that attract people from around the globe. Opposing bids came from former Warner Music Group executive Edgar Bronfman Jr., Iowa-based company Meredith Corporation, and private equity firm Pamplona Capital Management. The business wasted little time jumping into politics, giving $400,000 to the Mitch McConnell-aligned Senate Leadership Fund (SLF) on Oct. 17, 2018. Iranian-American investors who happen to be politically active. 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. 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. where he earned a Bachelors Degree in Engineering in 1976. ), Both releases use identical wording in several instances and note the exact same findings. Najafi, head of the company, invests only his own capital. 0000001908 00000 n through which more than 12 million immigrants passed in their quest for 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. Suite 201, Sherman Oaks, CA 91403. Pivotal Group is the largest investor in the startup company. 0000155666 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. 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. [34], Najafi and his wife, Cheryl Najafi, live in Arizona with their three children. In court on Friday, Credit Suisse didn't support or oppose Najafi's bid, surrendering the battle. The Promontory vision guided the creation of the development of unique club structures harmonious with the land. Mr. Najafi serves as a Board Member of several private companies. The opaque quality of a registered agent address makes the real source of the dark money very difficult to track. 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. We focus on companies and projects that lead in their market segments, show growth potential, and exhibit attractive margins. The McCain group has also accepted at least $100,000 from the Pivotal Foundation, which was created by Francis Najafi who owns the Pivotal Group, a private equity and real estate firm. 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. Later he broadened Pivotal Group's mandate successfully investing in private equity and . All rights reserved. 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. The company makes investments in companies with transaction value up to $1 billion and holds investments from five to ten years. 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. 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. Their typical investments range from $25MM-$250MM. said Thunderbird President ngel Cabrera, Ph.D. Mr. Pivotal (Francis Najafi/Tyler Rives) The Najafi Companies (Jahm Najafi) . Page 6 of 9. This material may not be published, broadcast, rewritten, or redistributed. We have the expertise to assess complex investment opportunities. He previously served on the . , VanderSloot is a supporter of charter schools and spent $2 million to found the American Heritage Charter School in his home, Idaho Falls. Another 1,500 building lots are available across a sprawling sagebrush-covered hill overlooking the ski town of Park City. The Ellis Island Medals of Honor pay tribute to the ancestry groups that [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. He is also a graduate of Thunderbird School of Global Management ('77) as is his wife. Pictured is a section of the Boise, Idaho skyline. Sign up for our newsletter to track moneys influence on U.S. elections and public policy. 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. [2][3], Najafi was born in Isfahan, Iran in 1955. 0000182369 00000 n 22/23 Colorado (13-2, 2-2 Pac-12) at Desert Financial Arena. When Robert Sarver eventually sold the team to new ownership led by Mat Ishbia and his brother Justin Ishbia, Najafi was one of three minority team owners to keep all their stakes with the team once the sale went through on February 7, 2023. [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! "Having finished his undergraduate study in engineering, Francis obtained two masters degrees from the American Graduate School . a symbol of freedom and tolerance around the world, said Senator John 0000181206 00000 n Pivotal's real. Like Education Secretary Betsy DeVos, of the. Mr. Najafi is one of six Iranian-Americans to receive the Ellis Island 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. The purpose of disclosure is to allow people to know immediately upon looking at an FEC report who the contributors are. 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. Mr. Najafi serves as a Board Member of several private companies. 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. [10], Najafi Companies (Najafi Cos.), a private-equity firm, was established in 2002. Park City, UT 84098. Pivotal Group is a diversified investment company primarily focused on private equity and real estate. The company has given $2.5 million to GOP outside groups since it began ramping up its political spending in 2011. The list of its authors can be seen in its historicaland/or the page Edithistory:Francis Najafi. 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 . He and his wife Dionne have given a total of $590,933 to Republican candidates and causes and $136,600 to Democratic ones. 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. Pivotal Group's private equity arm focuses on middle-market companies and annual. To request permission for commercial use, please contactus. for all of its filings, including its FEC filing. 0000176450 00000 n He has been a longtime investor in the Phoenix Suns and Mercury, and recently announced that he was maintaining his family's minority. Francis Najafi is a '77 alum of Thunderbird, and his wife, Dionne, is an '06 alum. , 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. F. Francis Najafi CEO Pivotal Group. in 2017, is clearly linked to billionaire GOP donor Bruce Kovner in several ways. The National Ethnic Coalition of Organizations (NECO), the largest 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 is an Iranian-American businessman and investor. And former NSA Deputy Director Bill Crowell will also join the board. 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. 0000001318 00000 n Instastaff is a startup business that provides staffing to business customers seeking shift employees. 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. [4][21][22], Najafi and his company Najafi Cos. were named highest bidder in negotiations to buy out Borders Group from bankruptcy protection in 2011. abiding respect and understanding of other cultures, high ethical 2022 Promontory Development, LLC. Mr. Francis Najafi Phone Number Found 3 phone numbers: 602625XXXX 602-956-XXXX . unwavering efforts to advance global business and global citizenship,
francis najafi pivotal group
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