Earning from Bain, bundling for Obama
Among the fund-raisers on President Obama's latest list of campaign bundlers are at least two with close ties to Bain Capital, the private equity firm co-founded by Mitt Romney, which has already become a favorite target of Democrats.
Jonathan Lavine, a managing director at Bain Capital, and Eunu Chun, a partner at the law firm Kirkland & Ellis, who represents Bain on some of its biggest buyouts, are each listed as having raised between $100,000 and $200,000 for the president's re-election, according to a list released by the campaign yesterday. (Ben Smith flagged Lavine earlier.)
Bain has become a flashpoint for criticism of Romney, with Democrats joining some of Romney's Republican rivals in criticizing the firm's business practices, which often include laying off employees after a company is acquired.
Last week, the Democratic National Committee did its best to inject Bain into the Republican in Florida, holding a steady stream of press conferences and conference calls with reporters, highlighting accusations of Medicaid abuse by a company that Bain once controlled.
Lavine, like a number of Bain executives, has been a consistent contributor to Democratic candidates over the years, according to F.E.C. records. Chun has given to both Democrats and Republicans, including to Mitt Romney in 2007 and in June of last year.
Lavine and Chun's presence on the bundler list seems to indicate that Obama's ties to the private-equity industry, which helped launch his campaign in 2007, is still intact, even if the likely Republican nominee has broader support among Wall Street types.
Since his election, Obama has appointed several veterans of the industry to administration posts, and, for now, his bundler list still includes some other big names within the industry, like Mark Gallogly, who the campaign says has raised between $200,000 and $500,000 for the president so far this cycle.