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

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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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