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Sullivan said he formed his for-profit venture, Alter Global LLC, in 2020 to allow it to perform as a traditional venture capital firm and invest cash as well as to attract additional investors. Illinois has more promise and is more conservative than San Francisco, so I welcome him back to our great state and into the race., Former state Sen. Paul Schimpf of downstate Waterloo offered a more sincere welcome, saying in a statement another robust campaign spreading the message that J.B. Pritzker is undeserving of reelection is good news for the Illinois Republican Party.. Records dont show any charitable grants made by Alter Global as a nonprofit. } We cannot allow politicians to use their positions to enrich themselves and their friends. float: left; Our plan calls for three concrete steps. Sullivan, a political newcomer and owner of the venture capital firm Alter Global LLC, and Murphy, a former spokeswoman for former state Rep. and 2018 GOP gubernatorial hopeful Jeanne Ives, will face formidable competitors for the 2022 nomination. a.communitylink { color:black; font-weight:bold; } Theres a dramatic wrinkle in the Republican governors race. } border-radius: 50%; .widget-row.Libertarian { width: 150px; div.oneoff-scrollbox.short { height:250px; overflow:scroll; margin:20px; padding:10px; border:1px solid gray; } .widget-row.Republican { JB Pritzker, the current governor, hasn't gone after corruption or the special interest machine that is structurally responsible for our problems -- because he is one of them, and remains under federal investigation! .widget-row.heading { Our manufacturing, information technology, agriculture, and countless others require trained, highly skilled employees. The people of Illinois are strong, but politicians have made our state weak. We must ensure no lawmakers firm can represent client interests before any government agency or legislative body. padding-bottom: 3px; The race was called for Bailey with about 33% of votes counted. } width: 250px; } A state budget with firm fiscal foundation that shows tremendous progress? Or a cynical election-year ploy to buy votes? If all the returns are going to head right back into the nonprofit, then I couldnt get limited partners to be able to raise enough capital to put in because they wanted a return on profit, Sullivan said. In launching his candidacy for the Republican nomination for governor, 37-year-old political unknown Jesse Sullivan has touted his background as a venture capitalist as a key pillar of his. Full story of Pritzkers New Hampshire visit, h/t to POLITICOs Lisa Kashinsky, who was in the room. J.B. Pritzkers leadership. Jesse is committed to his Citizens First Agenda, to take power away from corrupt politicians, and put it back in the hands of regular people. Campaign Ads: Richard Irvin vs. Darren Bailey & Jesse Sullivan color: black; @media (max-width:600px) { IL-08 primary: Incumbent Dem Krishnamoorthi faces challenge, while 5 candidates vie for GOP nomination, by Tribunes Robert McCoppin. By bringing transparency and accountability to Illinois education system, we will restore that trust. background-color: #ccc; } .votebox-results-metadata { This required swallowing his pride, Pritzker said, since he had previously called Trump a racist, homophobic, xenophobic, misogynistic president., Calling Trump: After asking for ventilators and PPE and if he could invoke the Defense Production Act, Pritzker said, I promised Id say nice things about him on Twitter if he sent me ventilators and PPE.. The Republican Party's Jesse Sullivan, often known as Sully, ran for governor of Illinois. font-weight: bold; Quality education is a powerful force for good. color: #888; Don't have details of the TV buy, but if you see the ad, let us know in comments when/where the ad was viewed. } Larsen has a net worth of $3.4 billion, according to Forbes. .widget-row.value-only.black { State funding has fallen by half over the past 20 years, contributing to strikes at universities. By signing up you agree to allow POLITICO to collect your user information and use it to better recommend content to you, send you email newsletters or updates from POLITICO, and share insights based on aggregated user information. } Expand the Invest in Kids Opportunity Scholarship Program. Jesse Sullivan, the fourth person to declare for the 2022 Republican primary, is a venture capitalist from Petersburg - near Springfield and the home of Lincoln's New Salem - who says he moved. Only $13,000 has come from Illinois residents, those records show. The Sullivan-Murphy Education Agenda. A newcomer in Illinois politics, Sullivan burst onto the scene earlier this month raising nearly $11 million in a week. But on Thursday, much of the focus was on fundraising. Expect fireworks for both.