President Obama Has Friends in Private Equity, Too
In the 2012 race, the president continues to count members of the financial services community among his supporters
Hamilton (“Tony”) James, president of the Blackstone Group (NYSE: BX) counts among the private-equity backers who helped reelect President Barack Obama. Below are just a few of the president’s PE pals. For a look at PE investors who bet on Bain Capital co-founder Mitt Romney, see our Special Report.
In the 2008 presidential campaign, President Barack Obama drew more donations from Wall Street than his opponent, Senator John McCain (R-Ariz.). In the 2012 race, the president continues to count members of the financial services community, including private equity professionals, among his supporters. Here are just a few of the president's PE pals.
Hamilton ("Tony") James (pictured), the Blackstone Group (NYSE: BX)
In May, the president of the world's largest PE firm hosted a fundraiser for President Obama at James' home in Manhattan. Cost to attend? Reportedly $35,800, the legal maximum to Obama's campaign and the Democratic National Committee. James has raised more than $344 million for the president in the current campaign, according to the website, OpenSecrets.org.
Blair Effron, Centerview Partners
The co-founder of the New York advisory boutique has raised more than $1 million for the president.
Joshua Bekenstein, Bain Capital
The managing director of Bain Capital worked at the firm with Romney since the Boston firm's early days. A frequent contributor to the Democratic candidates, Bekenstein has contributed to both Obama's and Romney's campaigns in 2008 and 2012. (See cover story, "Mitt Romney's Private Equity Pals: Where Are They Now?")
Roger Atlman, Evercore Partners Inc.
The founder of the New York investment bank was a top candidate to head President Obama's National Economic Council. In July, Altman hosted a fundraiser in New York for the president. The event was co-hosted by Mark Gallogly, managing principal of Centerbridge Partners and Marc Lasry, founder of Avenue Capital Group LLC.
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