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Wall Street and finance leaders bet early in 2020 on various candidates in the Democratic presidential election, from Pete Buttigieg to Kamala Harris, even as candidates sought to differentiate themselves from big donors.
O 'Rourke has ridden a small donor base to witness an amazing near-defeat of Republican Sen. Ted Cruz in Texas a deep red last year. He repeatedly reiterated that he would not accept any contributions from corporations, lobbyists and special interest groups. However, his position did not deter some large donors from sending him checks, while he had collected $ 9.4 million in donations in the last quarter.
Mark Gallogly, co-founder of investment firm Centerbridge Partners, donated $ 2,800 to Mr. O. Rourke's campaign. Gallogly, an important partner of President Barack Obama in 2008 and 2012, had told his friends that he was inclined to support Mr. O. Rourke's candidacy. Bo Crowell, managing director of investment banking firm Macquarie Capital, also sent $ 2,800 to O & # Rourke. His LinkedIn page says that he is an investment banker with 17 years of experience in the healthcare industry.
Harris, Booker, Gillibrand and his colleague, Amy Klobuchar, echoed calls by O & Rourke to deny money to credit companies and stock companies. However, like O 'Rourke, they have also received support from corporate executives and financial leaders.
Beverly Anderson, Executive Vice President at Wells Fargo, donated $ 2,800 to the Harris campaign. Tia Breakley, a general manager of private equity Blackstone, gave Harris $ 1,000. Blackstone is headed by Steve Schwarzman, one of Trump's leading supporters. Harris has raised a total of $ 12 million since she announced her candidacy in January, placing her at the top of the Democratic candidates list.
Meanwhile, Booker received $ 2,800 from Mark Robinson, a partner with investment bank Titan Centerview Partners, who advised pharmaceutical and biotech companies. Boaz Weinstein, founder and chief investment officer of Saba Capital Management, donated $ 2,800 to Booker.
Michael D & # 39; Angelo de Saba, partner and chief operating officer of the firm, donated $ 2,800 to Gillibrand.
Gillibrand ended the quarter with just under $ 3 million, while Booker saw $ 5 million added to his campaign casket.
Read more: Pete Buttigieg Raises $ 1 Million Within Four Hours of the Announcement of the 2020 Campaign
Buttigieg, Mayor of South Bend, Indiana, raised just over $ 7 million in the first quarter. According to the documents filed, $ 5,600 came from Stephen Schuler, director of Chicago-based investment firm Wicklow Capital. The records show that in the midterm congressional elections of 2018, Schuler spent more than a million dollars to support the Democrats. Together, Wicklow Capital employees gave Buttigieg at least $ 11,200 in the last quarter. He has publicly waived the support of business CCPs and contributions from the fossil fuel sector.
While most of each candidate's fundraisers have been funded by small donations of less than $ 200, veterans in the field of political finance believe that the 2020 candidates should not let down the lure of big investors Traditional – especially if they do not want to catch up with Trump during general elections.
"I think this campaign period is about building this network, and we're relying way too much on digital fundraising," Rufus Gifford, Obama's finance director, told CNBC on Tuesday during his re-election campaign. of 2012. "I think we can beat Trump.But can we beat Trump … be raised 3 to 1? Let's be sure that the candidate will not have to spend so much time raising money in elections General. "
Representatives of the 2020 campaigns mentioned in this article have not returned requests for comments.
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