Arabella Advisors Holdings, LLC


Holding Company (presumed)

Beneficial Owners:

Eric Kessler

Bruce Boyd

Sampriti Ganguli

Jennifer Steans (via Concentric Equity Partners)

Chris Hobbs

Gwen Walden

Hilary Cherner

Shelly Whelpton

Arabella Advisors Holdings, LLC, is a private District of Columbia corporation created in June 2021. [1] While few details are known, the company is believed to act as a holding company to Arabella Advisors, a consultancy to left-of-center foundations and donors. [2] A related corporation, Arabella Acquisition LLC, is also listed as the controlling entity for Arabella Advisors in Illinois; the relationship between the two holding companies is unknown. [3]

Arabella Advisors in turn manages a network of nonprofits whose collective revenues totaled nearly $1.7 billion in 2020 alone. [4] This “dark money” network in turn controls a vast collection of activist groups and websites working on center- and far-left political causes.

Beneficial Owners

According to filings with the District of Columbia, Arabella Advisors Holdings reports the following beneficial owners: [5]

Concentric Equity Parkers is a Chicago-based private investment firm run by Jennifer Steans, an investment manager who also runs Financial Investments Corporation, which owns Concentric Equity Partners. [6] [7]

Steans is chair of Arabella Advisors’ board of directors. [8] She is also listed as the sole beneficial owner to Arabella Advisors in filings with the District of Columbia. [9]

Steans has donated at least $226,000 to Democratic Party candidates since the mid-1990s. [10]


  1. District of Columbia Business Filings. “Arabella Advisors Holdings.” Sept. 8, 2022.×808.png ^
  2. Hayden Ludwig. “What Is Arabella Advisors Holdings? And What Is It Hiding?” Capital Research Center. March 11, 2022. Accessed Sept. 8, 2022. ^
  3. Illinois Secretary of State. Corporation/LLC Search. “Arabella Advisors, LLC.” Sept. 8, 2022. Archived: ^
  4. See Arabella Advisors: Network Financial Overview: ^
  5. District of Columbia Business Filings. “Arabella Advisors Holdings.” Sept. 8, 2022.×808.png ^
  6. LinkedIn Profile: Jennifer Steans. Accessed Sept. 8, 2022. ^
  7. “Jennifer Steans.” Concentric Equity Partners. Accessed Sept. 8, 2022. ^
  8. “Arabella Advisors Appoints Rick Cruz as President and CEO.” AP. Aug. 11, 2022. Accessed Sept. 8, 2022. ^
  9. District of Columbia Business Filings: “Arabella Advisors, LLC.” Accessed Sept. 8, 2022.×290.png ^
  10. “Contributions from Jennifer Steans in Chicago, Illinois.” Federal Elections Commission. Accessed Sept. 8, 2022. ^
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