For years, one of the Republican Party’s biggest supporters has been Seth Klarman, the billionaire chief executive and portfolio manager of Boston’s private investment firm, Baupost Group, which Klarman founded in 1982.
His political support has since changed as Klarman is now donating to Democratic initiatives, according to the New York Times’ analysis of Klarman’s Federal Election Commission filings, set to be released on September 20.
The Times’ report, released Saturday, revealed Klarman intends to donate some $20 million to Democrats by 2020. The 61-year-old has shelled out $4.9 million to the Democratic Party so far, including donations to about 150 candidates like Joe Kennedy, Connor Lamb, Beto O’Rourke, Kirsten Gillibrand and several others. He’s also dished out $3 million to help Democrats take back the House and Senate in the upcoming November primaries.