Recent developments indicate that private equity firms have taken significant control over the Democratic Party's voter data infrastructure, raising concerns among party officials about the implications of this trend.
1. Private Equity Control: The private equity firm Apax Partners acquired NGP VAN, the Democratic Party's key voter database, in 2021, placing it under the subsidiary Bonterra. This acquisition gives these firms substantial influence over Democratic voter mobilization efforts.
2. Democratic Party Concerns: After losing the November election, Democratic officials began questioning the wisdom of having a private firm control their voter database due to issues such as layoffs and slower service provided by Bonterra. They discussed potential plans to shift their database to another platform, but ultimately decided against it due to fear of negative repercussions.
3. Impact on Political Power: Experts suggest that if these private firms wanted to harm the Democratic Party, they could easily leverage their control to manipulate voter mobilization efforts.
4. Arabella Advisors: The Financial Investment Corporation, through its subsidiary Concentric Equity Partners, acquired Arabella Advisors, a major player in left-wing funding. Arabella has funneled significant money into efforts supporting Democratic causes and candidates.
5. Funding Sources: Arabella's branches have received extensive funding from major philanthropic organizations, including the Gates Foundation, and have played a crucial role in channeling funds into various progressive initiatives.
The increasing ownership of critical Democratic infrastructures by private equity and investment firms raises alarm among party leaders about their influence and the implications for future elections, especially as they face challenges from this private sector involvement in political organization and funding.
https://thefederalist.com/2025/04/22/meet-the-wealthy-private-firms-controlling-the-democrat-party/
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