The 2008 campaign season inches closer by the day, and it seems the PE crowd
has set its sights on acquiring the White House. Former Bain Capital LLC
co-founder Mitt Romney is seeking the Republican nomination, and in order to
reach 1600 Pennsylvania Ave., he's hitting up his former colleagues for cash,
according to
PEhub.
Romney reportedly raised about $258,000 in the first quarter of 2007 from
people who work for private equity firms, which is over three times as much as
Democratic hopeful Sen. Barrack Obama, who reportedly raised about $85,300
from PE employees. The other front-runners received the following: $47,900 for
Hillary Clinton; $47,900 for Rudy Giuliani; and $41,450 for John McCain. While
Bain Capital employees overwhelmingly supported their former colleague, only
H.I.G. Capital contributors unanimously supported Romney. In addition,
Boston-based firms also favored Romney over other candidates. PEhub's Dan
Primack compiled the numbers from the Federal Election Commission’s disclosure
database. Primack promises to give VCs the same treatment next. Unlike their
buyout cousins, who traditionally favor Republicans, VCs usually prefer
Democrats. —Matthew Wurtzel
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PEhub
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spreadsheet from PEhub
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