For-profit

Arabella Advisors Holdings, LLC

Type:

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

References

  1. District of Columbia Business Filings. “Arabella Advisors Holdings.” Sept. 8, 2022. https://capitalresearch.org/app/uploads/arabella-advisors-holdings-beneficial-owners-03.10.22-e1647028966933-644×808.png
  2. Hayden Ludwig. “What Is Arabella Advisors Holdings? And What Is It Hiding?” Capital Research Center. March 11, 2022. Accessed Sept. 8, 2022. https://capitalresearch.org/article/what-is-arabella-advisors-holdings-and-what-is-it-hiding/
  3. Illinois Secretary of State. Corporation/LLC Search. “Arabella Advisors, LLC.” Sept. 8, 2022. Archived: https://www.influencewatch.org/app/uploads/2022/03/arabella-advisors-Illinois-secretary-of-state-screencap-03.10.22.png
  4. See Arabella Advisors: Network Financial Overview: https://www.influencewatch.org/for-profit/arabella-advisors/#network-financial-overview
  5. District of Columbia Business Filings. “Arabella Advisors Holdings.” Sept. 8, 2022. https://capitalresearch.org/app/uploads/arabella-advisors-holdings-beneficial-owners-03.10.22-e1647028966933-644×808.png
  6. LinkedIn Profile: Jennifer Steans. Accessed Sept. 8, 2022. https://www.linkedin.com/in/jennifer-steans-24b4117/
  7. “Jennifer Steans.” Concentric Equity Partners. Accessed Sept. 8, 2022. https://www.ficcep.com/jennifer-w-steans/
  8. “Arabella Advisors Appoints Rick Cruz as President and CEO.” AP. Aug. 11, 2022. Accessed Sept. 8, 2022. https://apnews.com/press-release/globe-newswire/26d0294565fa4f5a2768cb407ca940d3
  9. District of Columbia Business Filings: “Arabella Advisors, LLC.” Accessed Sept. 8, 2022. https://capitalresearch.org/app/uploads/arabella-advisors-llc-beneficial-owners-03.10.22-644×290.png
  10. “Contributions from Jennifer Steans in Chicago, Illinois.” Federal Elections Commission. Accessed Sept. 8, 2022. https://www.fec.gov/data/receipts/individual-contributions/?contributor_name=jennifer%20steans
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