Hedge Fund Executive Forms a No Labels Super PAC
The new super PAC is being advised by a Republican strategist whose former firm provided union avoidance services.
The new super PAC is being advised by a Republican strategist whose former firm provided union avoidance services.
No Labels has received corporate donations for over a decade, a dive into political disclosures reveals.
Billionaire Harlan Crow gave $5,000 in June to a super PAC backing the No Labels 2024 presidential plan, one of more than a dozen real estate executives giving to the limitless spending group.
Billionaire investor Howard Marks and private equity executives with firms like Bain Capital and Neuberger Berman made earmarked donations through a No Labels PAC this year.
Two more board members, with No Labels since 2009 and 2011, have been dropped from its roster as the dark money group readies a third-party presidential ticket.
A new disclosure revealing a fraction of No Labels' donors shows the group has been fundraising from corporate executives, many of whom sit atop private equity firms.
The group has been hiring Republican fundraisers, campaigners, and policy advisers as it works to advance a presidential ticket that many believe would pull votes from President Biden.
The dark money group has spent millions of dollars preparing for a possible ticket with Sen. Joe Manchin as its presidential nominee in the event of a Biden-Trump rematch.
As corporate-backed Democrats threaten to block the party's reconciliation bill, their talking points draw on support from deficit scold allies among party leaders and well-funded ideological groups.