by Logan Washburn at the Federalist
Financial Investment Corporation and Apax Partners, along with subsidiary Bonterra, gained control over significant portions of the American left’s get-out-the-vote and funding infrastructure.
While Democrats prepared for November’s election, which they lost by a landslide, they began wondering whether it was a good idea for a private firm to control their entire voter database, according to The New York Times.
The multinational private equity firm Apax Partners acquired the parent company of NGP VAN — the Democrat Party’s comprehensive voter database — in 2021 and subsequently placed it under subsidiary Bonterra. Just before that, in 2020, a subsidiary of the Financial Investment Corporation had purchased majority ownership of the infamous Arabella Advisors — which controls the American left’s dark money empire. In doing so, Financial Investment Corporation and Apax Partners gained a chokehold on the Democrat Party.
“They’ve seen the houses that the grifters can buy, and they realize how much money there is in lefty political organizing,” Parker Thayer, an investigative researcher at the Capital Research Center, told The Federalist. “This is an enormous industry, a multibillion-dollar-per-year industry. So, of course, private equity is going to come in and try to get a piece of it.”
If these companies hypothetically wanted to secure policies to boost their incomes, Thayer said, they could simply pull the rug out from under Democrats ahead of an election.
“The Democrats are absolutely, completely reliant on that stuff,” Thayer said. “If they wanted to, they could make all kinds of bets on oil companies, and then sabotage the Democrats right before midterms.”