Apollo’s Rowan Among Hosts for Tim Scott’s Hamptons Fundraiser

(Bloomberg) -- Marc Rowan of Apollo Global Management and Stan Druckenmiller of Duquesne Family Office are among the donors hosting a fundraiser for Republican presidential candidate Tim Scott in the Hamptons next week.

Most Read from Bloomberg

• Fitch’s US Credit Downgrade Sparks Criticism Along With Unease

• Missing Goldman Sachs Analyst Confirmed Dead by New York Police

• S&P 500 Has Worst Day Since April After Big Rally: Markets Wrap

• Poland Sends Troops to Belarus Border After Airspace Breach

• Why the US Credit Rating Was Cut by Fitch and What It Means

Scott will visit East Hampton, New York, on Aug. 9 for a reception as polls show him gaining ground in the presidential primary contest weeks before the first Republican debate.

Other hosts include Gary Cohn, a former president of Goldman Sachs Group Inc. and onetime chief economic aide to then-President Donald Trump; Sabin Metal Corp. owner Andy Sabin; Lee Hobson of Highside Capital Management and Ann Hobson; Vanessa Daniel and Nick Muzin of Stonington Global; and former Tennessee Governor Bill Haslam.

To attend the East Hampton fundraiser, hosts needed to contribute $10,000 per couple or $5,000 per person, while attendees must give $2,000 per couple or $1,000 per person, with the money going to the Tim Scott Victory Fund, according to an invitation obtained by Bloomberg News.

Scott has received a warm reception from the finance industry. As the top Republican on the Senate Banking Committee, he has deep ties with Wall Street, which will aid him in the crowded GOP contest.

The RealClearPolitics average of Republican polls shows Scott in sixth place with 3.1% support, but the US senator from South Carolina has been polling better in early-voting states. RealClearPolitics’s averages show him in third place in both Iowa and New Hampshire behind only frontrunner Trump and Florida Governor Ron DeSantis.

Scott’s campaign is looking to gain ground in those states at a challenging time for both DeSantis and Trump. DeSantis, who is seen as the top challenger to Trump, is in the midst of a campaign reboot sparked by donor anxiety over his operation’s spending and sliding poll numbers.

Trump leads DeSantis by a wide margin, according to a recent New York Times/Siena College poll, but is facing mounting legal problems and a cash crunch from the legal bills associated with his indictments and ongoing investigations.

“Tim Scott is the one candidate in this race that has shown movement and momentum,” said Scott campaign spokesman Nathan Brand. “His consistently conservative record, positive message, and ability to connect with voters everywhere is why Tim Scott is resonating.”

--With assistance from Stephanie Lai and Laura Davison.

Most Read from Bloomberg Businessweek

• Influencers Built Up This Wellness Startup—Until They Started Getting Sick

• AI in Hollywood Has Gone From Contract Sticking Point to Existential Crisis

• The Stainless-Steel Boom Is Tearing a South African Mining Region Apart

• Amazon Unveils Biggest Grocery Overhaul Since Buying Whole Foods

• Honoring the Enslaved Man Who Made Jack Daniel’s First Whiskey

©2023 Bloomberg L.P.