by Frank Holmes, reporter
The Left has been mourning since the 2024 election, but one man has been crying harder than anyone else.
George Soros bet $60 million that his money could carry former Vice President Kamala Harris across the finish line.
Not only did he fail miserably as President Donald Trump shattered every election prediction, but one of Soros’s favorite political money-laundering operations just went belly-up. Now, experts say, it’s “getting folded up and sold for scrap.”
Arabella Advisors is a Democratic dark money operation founded by former Clinton administration official Eric Kessler. And it has plowed tens of millions of dollars into propping up unpopular politicians and their even less-popular causes.
Over the years, Arabella says it has run campaigns and political projects involving more than $150 billion. And it’s collected hundreds of millions of dollars in consulting fees.
It works this way: Megadonors give Arabella Advisors a massive donation, which Arabella funnels to the final destination…all without getting any of the donors’ fingerprints on the money.
We don’t know where the money has gone, but we know left-wing megadonors used Arabella as their favorite funding filter. George Soros, Bill Gates, Mark Zuckerberg, Warren Buffet, Pierre Omidyar, and Hansjorg Wyss—many of them foreigners—have impacted the U.S. political system by donating to Arabella. Arabella, a 501(c)3 “nonprofit,” also took grants from the hug, tax-exempt foundations on the Left, like the Rockefeller Foundation and the Ford Foundation.
By laundering the donation to a political cause, the group may have helped nonprofits and foreign billionaires break tax or campaign finance laws. Even The Atlantic calls Arabella the “mothership” of a “massive progressive dark-money group.”
Well, the mothership has taken on water and is sinking faster than the S.S. Edmund Fitzgerald.
Arabella Advisors just announced it’s selling out to a group called Sunflower Services. “Sunflower will now provide operational and administrative services to” a few of the groups that make up Arabella, including the New Venture Fund, “Windward Fund, Hopewell Fund, and several other nonprofit projects and organizations,” the company announced in a press release.
Lee Bodner, president, New Venture Fund, said the shake-up will “strengthen the entire social impact ecosystem by reimagining how operational infrastructure can accelerate social change.”
Sure it will.
The news rocked the political donor class—but Beltway insiders should have seen it coming.
The Horn told you months ago that Bill Gates had stepped away from Arabella Advisors. The Gates Foundation announced it was cutting ties with Arabella on June 24, calling it “a business decision that reflects our regular strategic assessments of partnerships and operating models.”
That was a big hit: Gates gave Arabella almost half-a-billion dollars—$450 million, to be specific—over the years.
The political consultant class should have seen the handwriting on the wall… or simply read The Horn.
But the Democratic Party will take a big loss. Arabella spent $62 million in Democratic get-out-the-vote efforts in the 2022 midterms.
Just one constituent part of Arabella, The Sixteen Thirty Fund, blew moret han $400 million in 2020 and another $311 million in 2024.
“More than 60 percent of Sixteen Thirty Fund’s revenues in 2024 came from just five benefactors who cut eight-figure checks to the group, including one who gave $58.9 million and another who gave $51.4 million,” reported Politico. As a 501(c)4 group, it doesn’t have to tell you anything about who donates.
Just two groups funded by another part of Arabella known as The Hopewell Fund spent nearly $150 million in turning out Democratic voters in the 2020 election, according to The New York Times.
Part of Arabella’s sideshow came from giving Astroturf left-wing groups the illusion of being local, grassroots organizations. Part of Arabella, Sixteen Thirty Fund, plugged $18 million in 2023 into 17 states—including the swing states of Arizona, Georgia, North Carolina, Nevada, Ohio, and Pennsylvania. Arabella also funded groups branding conservative media stories “misinformation.”
The avalanche of Arabella’s outside money has “helped usher in a new era in Michigan politics,” according to Rep. Tim Walberg, R-Mich.
Arabella also funded left-wing riots, researchers say. The Horn reported how Seamus Bruner, a conservative journalist who acts as director of research at the Government Accountability Institute, told a White House roundtable last month, “We found a network of NGOs. It’s not just the Soros network, the Open Society Network. It’s other funding networks: the Arabella Funding Network, the Tides Funding Network, Neville Roy Singham and his network. Foreign cash.”
Incredible as it sounds, after Kamala Harris’ humiliating loss and the election of the most America First ticket in U.S. history, the head of The Sixteen Thirty Fund tried to justify her existence—and milk the donors for a few more megadonations.
The failed fund was actually “built for this moment,” wrote the group’s president, Amy Kurtz, on her Medium web diary. “Progress is built over years, not cycles, and that sustained advocacy, not just electoral wins, drives enduring change.”
But now, all illusions are gone.
“The Left’s biggest dark money operation is getting folded up and sold for scrap by a private equity firm,” said Parker Thayer, an investigative researcher at the Capital Research Center, a conservative think tank that tracks the Left’s dark money apparatus.
Even people on the Left understood Arabella had come to the end of the line. “Stick a fork in Arabella Advisors,” said Teddy Schleifer, a reporter for MSNOW—formerly MSNBC. “Arabella’s managed funds are investing in a new vehicle that will effectively bring Arabella’s services in house to each of the funds. And Arabella Advisors won’t exist anymore.”
NEW: Stick a fork in Arabella Advisors.
The powerful progressive philanthropic consulting firm is no more.
Instead, Arabella’s managed funds are investing in a new vehicle that will effectively bring Arabella’s services in house to each of the funds.
And Arabella Advisors…
— Teddy Schleifer (@teddyschleifer) November 18, 2025
Without Arabella Advisors, the Democrats will miss their most dependable source of foreign funding, and megadonor George Soros will lose one of his prime political vehicles.
But cry for the Democrats. They never leave foreign money lying on the table. They’ll be back in the grift game in no time. And The Horn will tell you what they’re up to—months ahead of the political press—every step of the way.