Jon Tester

Private Equity Execs Donate to Defend Senate Dems

By Donald Shaw,

Published on Jan 18, 2024   —   3 min read

Sherrod BrownKKRBob CaseyJacky RosenTammy BaldwinMark KellyDSCCPaul WeissAffiliated Managers GroupThe Najfari CompaniesAkin Gump
Senate Banking, Housing and Urban Affairs Committee Chairman Sherrod Brown (D-Ohio) talks with committee member Sen. Jon Tester (D-Mont.). (Photo by Chip Somodevilla/Getty Images)

Summary

A committee set up to support vulnerable Senate Democrats received funding from private equity executives and their spouses.

A fundraising committee that was set up last June to support vulnerable Senate Democrats facing 2024 re-election races filed its first donor disclosure with the Federal Election Commission today. Its donors include several finance industry executives and attorneys, according to the filing. 

The Liftoff Fund, a joint fundraising committee, raises money for the campaigns of Sen. Jon Tester (D-Mont.), Sen. Sherrod Brown (D-Ohio), Sen. Bob Casey (D-Pa.), Sen. Jacky Rosen (D-Nev.), and Sen. Tammy Baldwin (D-Wis.). Each of these incumbent Democrats are facing re-election contests that are rated “toss-up” or “lean Democrat” by the Cook Political Report. The fund also raises money for the Democratic Senatorial Campaign Committee (DSCC), which supports the incumbents’ campaigns, and the leadership PAC of Sen. Mark Kelly (D-Ariz.), who is not up for reelection this cycle. Kelly’s leadership PAC is called Liftoff PAC.

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