Arabella Advisors Holdings, LLC

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. ⁴

As of November 2025, Arabella Advisors announced that it would be ceasing operations after being acquired by a newly formed public benefit corporation (PBC) named Sunflower Services. A press release announcing the acquisition stared that Sunflower Services was owned by New Venture Fund, Windward Fund, and Hopewell Fund. ⁵

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. ^{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