Senior Republican Representative Peter Thiel is hosting a fundraiser at his Los Angeles home next week for Arizona Senate candidate Blake Masters after GOP officials asked the tech mogul for more money in the final phase of the November midterm elections.
The invitation lists Thiel as host of the Masters event and says the gathering will take place on September 30th at his $5 million home in Southern California. Tickets for the event range from $1,500 per person to $11,600 per couple, and include a host and VIP reception, followed by a public reception, depending on the ticket, depending on the invitation.
Other hosts of the event include several of Thiel’s allies, including Keri Findley, CEO of the investment firm. Tacora Capital, whose fund was backed by Thiel, as well as Michael Wang, a longtime hedge fund manager, whose social media investment platform was reportedly backed by Thiel. Erik Finman, a partner of Thiel who became a Bitcoin millionaire when he was 18 years old, is also listed as a co-host.
Thiel’s move to host the Masters comes as donations from the tech mogul to chapter super PACs supporting the Masters and Ohio Senate candidate JD Vance appear to have dried up with less than 50 days until the November elections. Thiel gave $15 million apiece spread across multiple donations to Protect Ohio Values, a Super PAC supporting Vance, and Rescue Arizona, an outside group supporting the MastersAnd the During the primary races, according to FEC filings.
His last donation to PAC supporter Vance was in April, while his last donation to Save Arizona was in July. And according to FEC records, he has yet to give them any money for a general election that will pit candidates against Democrats in competitive Senate races.
A Real Clear Politics poll showed Vance leading Rep. Tim Ryan by just over two points in a bid to retire Republican Senator Rob Portman’s seat. Meanwhile, Masters is behind current Senator Mark Kelly, D-Ariz. By nearly three points. Masters and Vance have been endorsed by former President Donald Trump. Either race could determine control of the US Senate with Democrats taking 50 seats and Vice President Kamala Harris breaking a tie in the vote.
The Masters campaign, which raised just $4.9 million, needs more money to fight Kelly, who has angered him more than tenfold with his $54 million donation.
Republican Party leaders and campaign officials, including Kentucky’s Senate Minority Leader Mitch McConnell, have reportedly asked Thiel to help Vance and Masters in the general election. The Washington Post reported that Thiel initially refused McConnell’s requests.
“Not now,” one person said, was Thiel and his team’s response in recent weeks when they were asked for more donations to Vance or Masters.
However, Thiel was a featured guest at a recent fundraiser for the Masters at the Florida home of Keith Raboa, a general partner at the venture capital firm Founders Fund that Thiel co-founded. Businessman Tom Sawyer, who chirp Photo of Thiel speaking at the Rabois fundraiser, also listed as co-host of the fundraiser at Thiel’s home.
Those who spoke to CNBC about Thiel’s maneuvers did so on the condition of anonymity in order to speak freely about private conversations.
Both Vance and Masters worked with Thiel before launching their Senate campaign. Vance once worked for investment firm Mithril Capital, which Thiel co-founded, while Masters was Chief Operating Officer of Thiel Capital.
Some of Thiel’s partners, who requested anonymity to speak freely about his fundraising strategy, say he is frustrated with what he previously viewed as a lack of money from other groups, including the Senate Leadership Fund, a super PAC linked to McConnell. They said Thiel did not want to invest heavily in races if GOP leaders were not willing to commit their money to boosting the party’s chances of retaking the Senate.
It’s a chicken game between McConnell and Thiel,” the tech billionaire ally told CNBC.
Thiel has publicly hinted that he does not fully support the Republican Party’s messaging during this election. “My record in the ’22 cycle is that we did less than in 1994 with the decade with America, we do less than in 2010,” Till said at the Conservative National Conference earlier this month. from this month.