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: 1
- Arabella Advisors founder, former senior managing director, and former principal Eric Kessler;
- Arabella Advisors senior managing director and principal Bruce Boyd;
- Arabella Advisors senior advisor and former CEO Sampriti Ganguli;
- Arabella Advisors chief operating officer Chris Hobbs;
- Arabella Advisors senior managing director Gwen Walden;
- Arabella Advisors chief strategy and impact officer Hilary Cherner;
- Arabella Advisors chief financial officer Wilbur Priester;
- Bruce W. Boyd 2017 Gift Trust;
- Concentric Equity Partners II, LP – Arabella Series
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. 5 6
Steans is chair of Arabella Advisors’ board of directors. 7 She is also listed as the sole beneficial owner to Arabella Advisors in filings with the District of Columbia. 8
Steans has donated at least $226,000 to Democratic Party candidates since the mid-1990s. 9
References
- 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
- 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/
- 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
- See Arabella Advisors: Network Financial Overview: https://www.influencewatch.org/for-profit/arabella-advisors/#network-financial-overview
- LinkedIn Profile: Jennifer Steans. Accessed Sept. 8, 2022. https://www.linkedin.com/in/jennifer-steans-24b4117/
- “Jennifer Steans.” Concentric Equity Partners. Accessed Sept. 8, 2022. https://www.ficcep.com/jennifer-w-steans/
- “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
- 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
- “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
