Club for Growth Action, a super-political action committee that supports slashing government spending and taxes, raised $2.9 million last month, including $1 million from venture capitalist Peter Thiel.
Thiel, a Facebook Inc. director who founded the hedge fund Clarium Capital LLC, was the biggest donor to Club for Growth Action in July, the super-PAC said in a filing to the Federal Election Commission today. Thiel previously gave $1 million to the group in May.
Club for Growth Action received $350,000 each from Jackson T. Stephens Jr., the chief executive officer of Exoxemis, Inc., a biotechnology firm in Little Rock, Arkansas, and Oregon retiree John D. Bryan.
Robert Mercer, the co-chief executive officer of Renaissance Technologies, gave $250,000 to the auper-PAC last month, bringing to $600,000 his cycle-to-date donations to the organization. Mercer gave $1 million in July 2011 to Restore Our Future, a super-PAC that supports Republican presidential candidate Mitt Romney.
Paul Singer, the founder of the New York hedge fund Elliott Management Corp., donated $100,000 to Club for Growth Action.
The super-PAC began August with $2.4 million in the bank after spending $4.1 million last month, including more than $3.1 million to aid the successful U.S. Senate campaign of Ted Cruz, a former Texas solicitor general who won a Republican runoff election on July 31.