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Berkshire Hathaway’s Weschler Helps Cantor Raise $717K in April
Posted at 1:08 p.m. on May 20, 2013
House Majority Leader Eric Cantor, R-Va., raised $717,931 through his PAC and joint fundraising committee during April. One of his major donors in April was Ted Weschler, a manager of investments at Warren Buffett’s Berkshire Hathaway Inc., and former managing partner of hedge fund Pennisula Capital Advisors.
The Cantor Victory Fund, a joint fundraising committee, reported raising $412,871 in April, spending $54,194 and leaving $554,459 cash on hand as of April 30. The committee received $5,000 from a PAC, and $406,018 from individuals. Individuals included Berkshire Hathaway manager Ted Weschler $52,600; Reynolds Holdings owner Randolph Reynolds $52,600; $50,000 from Smithfield Foods chairman Joseph Luter and $50,000 from Karin Luther; and $50,000 from PBM president Paul Manning; among others. The committee has raised $1.7 million so far in 2013.
Every Republican is Crucial (EricPAC), Cantor’s leadership PAC, reported raising $305,060 in April, spending $184,202 and leaving $892,727 cash on hand on April 30. PACs gave $211,500 and individuals gave $45,300. These included $5,000 from Merck CEO Kenneth Frazier; $5,000 from Citigroup banker Howard Marsh; $5,000 from Loews Corporation president James Tisch; and $5,000 from W Strategies founder Darren Willcox. The PAC gave $80,000 in April to federal candidates and committees. The committee has raised $963,747 so far in 2013.
Two other Cantor committees will file mid-year. The Cantor Leadership Fund, another joint fundraising committee, registered on April 25 and is a quarterly filer. Cantor Young Guns Victory Fund is a quarterly filer.