Blackstone Group Executives Give Cantor $51K
Posted at 1:59 p.m. on July 16, 2013
Executives of the Blackstone Group contributed $51,000 in June to the majority leader of the House of Representatives.
Steve Schwarzman, chairman and CEO of the Blackstone Group LP, a global investment and advisory firm, led a group of company executives and some spouses in contributing a total of $51,000 during June to Cantor for Congress, the campaign committee of Rep. Eric Cantor, R-Va. Schwarzman gave $5,200 and his spouse Christine gave $5,200. The Blackstone Group LP is based in New York City and specializes in private equity, hedge fund investments, financial services and mergers and acquisitions.
Others giving included: Wayne Berman, senior adviser, $5,200; Janet Berman, homemaker, $5,200; Prakash Melwani, $5,200 Gregory Geilling, $2,500; Akhil Gupta, $2,500; Nicholas Leone, $2,500; Laurence Nath, $2,500; Neil Simpkins, $2,500; William Stein, $2,500; Stephen Sullens, $2,500; Michael Casey, $2,500; George Fox, $2,500; and Joseph Baratta, $2,500. Almost all contributions were received on June 24.
Cantor for Congress reported receipts of $1,139,154 and disbursements of $627,210, leaving cash on hand of $2,045,887. The committee received $472,600 from PACs and other committees, $432,950 from individuals, and $229,013 transferred in from the Cantor Victory Fund, a joint fundraising committee.
The Blackstone Group does not have a federal PAC. They paid Capitol Counsel LLC $150,000 to lobby during the first quarter of 2013 on “Issues related to the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act; private equity, derivatives legislation, energy issues, SEC/CFTC regulations, FDIC Financial Institution Regulatory issues, Place Agency Regulatory issues and regulatory reform; issues pertaining to business holdings; issues related to tax reform initiatives; and the taxation of carried interest and publicly traded partnership.”
They also paid Tompkins Strategies LLC $30,000 to lobby in the first quarter on “Issues related to private equity and the tax treatment of carried interest.”