I spy with my Illinois eye.

Downstate here.

The Giant Pot of Money

Shortly after Bruce Rauner was elected to Governor, he appointed Marc Levine to the Illinois State Board of Investment.    This important board manages the giant honey pot full of pension money on behalf of State of Illinois employees. This includes Illinois legislators and judges.   The Board decides which money managers get a shot at the lucrative management fees paid on behalf of this state fund.

Marc Levine gave $25,000 to Citizens for Rauner and was on the Governor’s transition team so it’s safe to say he’s a close advisor to the Governor.  Rauner appointed Levine in January 2015 and, very quickly, by September of that same year Levine was elected Chairman of the Illinois State Board of Investments.

The announcement for this appointment said that Levine brings more than 25 years of investment and business experience to the position. Most recently, Levine was the co-founder and managing partner of Chicago Asset Funding, LLC. He worked at this boutique investment banking and asset management firm for eight years until 2012. Levine was able to use the company’s unique structure to successfully invest during the 2008-2009 financial crisis.

Watched by Illinois Policy Institute Fellow Marc Levine

There was no mention in the Governor’s announcement of the fact that Marc Levine is also a Senior Fellow at the Illinois Policy Institute.  Why was this prestigious position not touted in his resume?  Or any mention that Levine launched a failed campaign for an Illinois senate seat in 2011 but dropped out of the race?

Marc Levine and Dan Proft are fellow “senior fellows” at the Illinois Policy Institute

Watched by New Trier GOP’s Chairman

And now the New Trier GOP organization – which includes GOP members such as Governor Rauner, U.S. Senator Mark Kirk, IL GOP Chairman and Cook County Commissioner Tim Schneider, as well as Congressman Bob Doldunanimously supported Levine to be the organization’s chairman in June 2015.

Follow the money

According to campaign donations, Marc Levine works for any of the following:  himself as a private investor,  as a senior fellow at the Illinois Policy Institute, as a consultant, as Chairman of the Illinois State Board of Investments, as an executive or managing partner for Chicago Asset Funding, in sales for The Seaport Group, or as an investor for ML Capital.

And he’s given $25,000 to Citizens for Rauner as well as $5,000 to Chicago for Rahm Emanuel.   He’s also given to:  Bill Brady, Dan Proft’s Liberty Principles PAC, Jim Durkin,  Leslie Munger, Tom Cross, Peter Breen, Jeannie Ives, and others.  See the complete list below.

Non-disclosure

The Illinois Policy Institute has 7 registered lobbyists in 2017.  Marc Levine, a senior fellow for the Illinois Policy Institute and the Chairman of the Illinois State Board of Investments,  responded this way to question 5 in his mandatory statement of economic interests filing.

Levine knows no compensated lobbyists?  and he doesn’t maintain a close economic association with them? Not even John Tillman or Rasmussen?

Levine apparently doesn’t get paid by the Illinois Policy Institute to be a senior fellow?
Lots of lobbyists at the non-profit, non-political Illinois Policy Institute

The most recent donations are listed first in this list.  The donation to Rahm Emanuel was in 2011.

Contributed By Amount Received By
Levine, Marc
905 Greenleaf Wilmette, IL 60691
Occupation: Private Investor
Employer: Self
$5,000.00
9/30/2017
Individual Contribution
Citizens for Durkin
Levine, Marc
905 Greenleaf Ave. Wilmette, IL 60091
Occupation: Senior Fellow
Employer: Illinois Policy Insititute
$1,000.00
8/18/2017
Individual Contribution
Friends of Char
Levine, Marc
905 Greenleaf Ave Wilmette, IL 60091
Occupation: Consulting
Employer: Self Employed
$1,941.70
4/14/2017
Individual Contribution
Republicans of Maine Township
Levine, Marc
905 Greenleaf Ave. Wilmette, IL 60091
Occupation: Investor
Employer: Self
$1,000.00
3/16/2017
Individual Contribution
Cook County Republican Party
Levine, Mark
905 Greenleaf Ave Wilmettte, IL 60091
Occupation: Senior Fellow/Analyst
Employer: Illinois Policy Institute
$2,000.00
3/16/2017
Individual Contribution
New Trier Republican Organization
Levine, Mark
905 Greenleaf Ave Wilmettte, IL 60091
Occupation: Senior Fellow/Analyst
Employer: Illinois Policy Institute
$75.00
3/15/2017
Individual Contribution
New Trier Republican Organization
Levine, Marc
905 Greenleaf Wilmette, IL 60691
Occupation: Private Investor
Employer: Self
$5,000.00
11/8/2016
Individual Contribution
Citizens for Durkin
Levine, Marc
905 Greenleaf Avenue Wilmette, IL 60091
$500.00
11/2/2016
Individual Contribution
Committee to Elect Mel Thillens
Levine, Marc
905 Green Leaf Avenue Wilmette, IL 60091
Occupation: Chairman
Employer: Illinois State Board of Investment
$1,000.00
9/23/2016
Individual Contribution
Friends for Mike Amrozowicz
Levine, Marc
905 Greenleaf Ave.Wilmette, IL 60091-2704
Occupation: Finance
Employer: Chicago Asset Funding
$1,700.00
6/23/2016
Individual Contribution
Citizens for Leslie Munger
Levine, Marc
905 Greenleaf Ave. Wilmette, IL 60091-2704
Occupation: Finance
Employer: Chicago Asset Funding
$1,000.00
2/26/2016
Individual Contribution
Citizens for Leslie Munger
Levine, Marc
905 Greenleaf Ave Wilmette, IL 60091
Occupation: Executive
Employer: Chicago Asset Fund
$2,500.00
10/18/2014
Individual Contribution
Cross for Treasurer
Levine, Mark
905 Greenleaf Ave Wilmettte, IL 60091
Occupation: Senior Fellow/Analyst
Employer: Illinois Policy Institute
$1,250.00
10/12/2014
Individual Contribution
New Trier Republican Organization
Levine, Marc
905 Greenleaf Ave Wilmette, IL 60091
Occupation: Finance
Employer: Chicago Asset Funding LLC
$2,500.00
10/7/2014
Individual Contribution
Citizens for Christine Radogno
Levine, Marc
905 Greenleaf Ave. Wilmette, IL 60091-2704
Occupation: Investor
Employer: Self Employed
$5,000.00
7/22/2014
Individual Contribution
Citizens for Rauner, Inc
Levine, Marc
905 Greenleaf Avenue Wilmette, IL 60091-2704
Occupation: Executive
Employer: Chicago Asset Funding
$2,000.00
6/30/2014
Individual Contribution
Citizens for Judy Baar Topinka
Levine, Marc
905 Greenleaf Ave Wilmette, IL 60091
Occupation: Executive
Employer: Chicago Asset Fund
$2,500.00
6/30/2014
Individual Contribution
Cross for Treasurer
Levine, Marc
905 Greenleaf Wilmette, IL 60691
Occupation: Private Investor
Employer: Self
$5,300.00
6/26/2014
Individual Contribution
Citizens for Durkin
Levine, Marc
905 Greenleaf Ave. Wilmette, IL 60091
Occupation: ML Capital
Employer: Investor
$1,500.00
6/12/2014
Individual Contribution
Northwest Suburban Republican Lincoln Day Dinner Comm
Levine, Marc
905 Greenleaf Ave. Wilmette, IL 60091-2704
Occupation: Investor
Employer: Self Employed
$10,000.00
5/13/2014
Individual Contribution
Citizens for Rauner, Inc
Levine, Marc
905 Greenleaf Avenue Wilmette, IL 60091
$2,000.00
3/25/2014
Individual Contribution
Liberty Principles PAC
Levine, Marc
905 Greenleaf Ave Wilmette, IL 60091
Occupation: Managing Partner
Employer: Chicago Asset Funding LLC
$1,000.00
3/24/2014
Individual Contribution
Friends of Peter Breen
Levine, Marc
905 Greenleaf Ave. Wilmette, IL 60091-2704
Occupation: Investor
Employer: Self Employed
$10,000.00
2/19/2014
Individual Contribution
Citizens for Rauner, Inc
Levine, Marc
905 Greenleaf Ave Wilmette, IL 60091
Occupation: Sales
Employer: The Seaport Group
$1,000.00
2/14/2014
Individual Contribution
Citizens to Elect Ron Sandack
Levine, Marc
905 Greenleaf Avenue Wilmette, IL 60091
Occupation: Executive
Employer: Chicago Asset Funding
$2,500.00
2/14/2014
Individual Contribution
House Republican Organization
Levine, Marc
905 Greenleaf Ave. Wilmette, IL 60091
Occupation: Senior Fellow
Employer: Illinois Policy Insititute
$2,000.00
2/12/2014
Individual Contribution
Friends of Char
Levine, Marc
905 Greenleaf Ave Wilmette, IL 60091
Occupation: Investment Executive
Employer: Self-employed
$1,000.00
2/3/2014
Individual Contribution
Friends of Jeanne Ives
Levine, Mark
905 Greenleaf Ave Wilmettte, IL 60091
Occupation: Senior Fellow/Analyst
Employer: Illinois Policy Institute
$1,000.00
1/24/2014
Individual Contribution
New Trier Republican Organization
Levine, Marc
905 Greenleaf Ave Wilmette, IL 60091
Occupation: Executive
Employer: Chicago Asset Fund
$5,300.00
9/30/2013
Individual Contribution
Cross for Treasurer
Levine, Marc
905 Greenleaf Ave. Wilmette, IL 60091
Occupation: Senior Fellow
Employer: Illinois Policy Insititutw
$1,000.00
9/27/2013
Individual Contribution
Friends of Char
Levine, Marc
905 Greenleaf Wilmette, IL 60691
Occupation: Private Investor
Employer: Self
$5,000.00
6/17/2013
Individual Contribution
Citizens for Durkin
Levine, Marc
905 Greenleaf Avenue Wilmette, IL 60091
Occupation: finance
Employer: self-employed
$800.00
11/26/2012
Individual Contribution
Evanston Regular Republican Org
Levine, Marc
905 Greenleaf Ave Wilmette, IL 60091
Occupation: Executive
Employer: Chicago Asset Funding
$5,000.00
10/31/2012
Individual Contribution
Citizens to Change Illinois
Levine, Marc
905 Greenleaf Avenue Wilmette, IL 60091-2704
Occupation: Finance
Employer: Chicago Asset Funding
$2,000.00
10/18/2012
Individual Contribution
Brady for Senate Inc
Levine, Mark
905 Greenleaf Ave Wilmettte, IL 60091
Occupation: Senior Fellow/Analyst
Employer: Illinois Policy Institute
$300.00
10/14/2012
Individual Contribution
New Trier Republican Organization
Levine, Mark
905 Greenleaf Ave Wilmettte, IL 60091
Occupation: Senior Fellow/Analyst
Employer: Illinois Policy Institute
$2,700.00
10/14/2012
Individual Contribution
New Trier Republican Organization
Levine, Marc
905 Greenleaf Wilmette, IL 60091
Occupation: Finance
Employer: Self-Employed
$1,000.00
10/9/2012
Individual Contribution
Citizens for Pat Fee
Levine, Marc
905 Greenleaf Avenue Wilmette, IL 60091
$500.00
9/30/2012
Individual Contribution
Citizens for Mike Nerheim
Levine, Mark
905 Greenleaf Avenue Wilmette, IL 60091
Occupation: Senior Fellow
Employer: Illinois Policy Institute
$1,000.00
9/29/2012
Individual Contribution
Friends for Randy Frese
Levine, Marc & Dina
905 Greenleaf Ave. Wilmette, IL 60091
Occupation: Self Employed – Finance
Employer: Illinois Policy Institute
$2,000.00
9/19/2012
Individual Contribution
Albracht for Senate
Levine, Marc
905 Greenleaf Avenue Wilmette, IL 60091
$500.00
9/10/2012
Individual Contribution
Citizens for Ramiro Juarez
Levine, Marc
905 Greenleaf Ave. Wilmette, IL 60091
Occupation: Senior Fellow
Employer: Illinois Policy Institute
$2,000.00
8/16/2012
Individual Contribution
Friends of Jim O’Donnell
Levine, Marc
905 Greenleaf Ave Wilmette, IL 60091
Occupation: Executive
Employer: Chicago Asset Funding
$1,000.00
8/6/2012
Individual Contribution
Citizens for Glenn Nixon
Levine, Marc
905 Greenleaf Avenue Wilmette, IL 60091
Occupation: Executive
Employer: Chicago Asset Funding
$5,000.00
8/3/2012
Individual Contribution
Republican State Senate Campaign Committee
Levine, Dina
905 Greenleaf Avenue Wilmette, IL 60091
Occupation: Housewife
Employer: Self
$5,000.00
8/3/2012
Individual Contribution
Republican State Senate Campaign Committee
Levine, Dina
905 Greenleaf Avenue Wilmette, IL 60091
Occupation: Homemaker
Employer: None
$5,000.00
7/24/2012
Individual Contribution
Citizens to Elect Tom Cross State Representative
Levine, Marc
905 Greenleaf Avenue Wilmette, IL 60091
Occupation: Executive
Employer: Chicago Asset Fund
$5,000.00
7/24/2012
Individual Contribution
Citizens to Elect Tom Cross State Representative
Levine, Marc and Dina
905 Greenleaf Ave Wilmette, IL 60091
Occupation: Finance
Employer: Chicago Asset Funding, LLC
$5,000.00
6/29/2012
Individual Contribution
Friends of Jonathan Greenberg
Levine, Marc and Dina
905 Greenleaf Avenue Wilmette, IL 60091
Occupation: Investor
Employer: Self employed
$2,000.00
6/29/2012
Individual Contribution
Friends of Susan Sweeney
Levine, Marc
905 Greenleaf Ave. Wilmette, IL 60091
Occupation: Finance
Employer: Chicago Asset Funding LLC
$5,000.00
6/27/2012
Individual Contribution
Friedman for State Senate
Levine, Marc
905 Greenleaf Ave Wilmette, IL 60091
$500.00
6/19/2012
Individual Contribution
Friends of Farkas
Levine, Marc
905 Greenleaf Ave Wilmette, IL 60091
Occupation: Finance
Employer: Chicago Asset Funding, LLC
$2,000.00
3/30/2012
Individual Contribution
Friends of Jonathan Greenberg
Levine, Marc
905 Greenleaf Avenue Wilmette, IL 60091
Occupation: finance
Employer: self-employed
$1,000.00
3/5/2012
Individual Contribution
Evanston Regular Republican Org
Levine, Marc
905 Greenleaf Ave. Wilmette, IL 60091
Occupation: Finance
Employer: Chicago Asset Funding LLC
$2,000.00
2/10/2012
Individual Contribution
Friedman for State Senate
Levine, Marc
905 Greenleaf Ave. Wilmette, IL 60091
$500.00
2/7/2012
Individual Contribution
Friends of Tom Smithburg
Levine, Marc
905 Greenleaf Ave Wilmette, IL 60091
Occupation: Executive
Employer: Chicago Asset Funding LLC
$20,000.002/1/2012 Loan Received
Levine for Illinois
Levine, Marc
905 Greenleaf Ave Wilmette, IL 60091
Occupation: Executive
Employer: Chicago Asset Funding LLC
$3,988.501/6/2012 Loan Received
Levine for Illinois
Levine, Marc
905 Greenleaf Avenue Wilmette, IL 60091
Occupation: Executive
Employer: Chicago Asset Funding
$5,000.00
1/4/2012
Individual Contribution
Republican State Senate Campaign Committee
Levine, Marc
905 Greenleaf Ave Wilmette, IL 60091
Occupation: Executive
Employer: Chicago Asset Funding LLC
$557.401/1/2012 Loan Received
Levine for Illinois
Levine, Marc
905 Greenleaf AvenueWilmette, IL 60091
Occupation: Executive
Employer: Chicago Asset Funding
$5,000.00
12/31/2011
Individual Contribution
House Republican Organization
Levine, Marc
905 Greenleaf Avenue Wilmette, IL 60091
Occupation: Executive
Employer: Chicago Asset Fund
$5,000.00
9/13/2011
Individual Contribution
Citizens to Elect Tom Cross State Representative
Levine, Dina
905 Greenleaf Avenue Wilmette, IL 60091
Occupation: Homemaker
Employer: None
$5,000.00
9/13/2011
Individual Contribution
Citizens to Elect Tom Cross State Representative
Levine, Marc
905 Greenleaf Ave. Wilmette, IL 60091
Occupation: Finance
Employer: Chicago Asset Funding LLC
$2,000.00
9/8/2011
Individual Contribution
Friedman for State Senate
Levine, Marc
905 Greenleaf Ave Wilmette, IL 60091
Occupation: Finance
Employer: Chicago Asset Funding LLC
$5,000.00
6/30/2011
Individual Contribution
Citizens for Christine Radogno
Levine, Marc
905 Greenleaf Avenue Wilmette, IL 60091
Occupation: Finance
Employer: Self
$1,000.00
2/22/2011
Individual Contribution
Republican State Senate Campaign Committee
Levine, Marc
905 Greenleaf Avenue Wilmette, IL 60091
Occupation: Executive
Employer: Chicago Asset Funding
$1,000.00
2/16/2011
Individual Contribution
House Republican Organization
Levine, Marc
905 Greenleaf Avenue Wilmette, IL 60091
Occupation: Finance
Employer: Chicago Asset Funding LLC
$5,000.00
2/3/2011
Individual Contribution
Chicago for Rahm Emanuel
Levine, Marc
905 Greenleaf Avenue Wilmette, IL 60091
Occupation: CEO/President of Company
Employer: CHICAGO ASSET FUNDING
$15,000.00
12/30/2010
Individual Contribution
Dan Rutherford Campaign Committee
Levine, Marc
905 Greenleaf Avenue Wilmette, IL 60091-2704
Occupation: Finance
Employer: Chicago Asset Funding
$500.00
11/10/2010
Individual Contribution
Brady for Senate Inc
Levine, Marc
905 Greenleaf Avenue Wilmette, IL 60091
Occupation: Finance
Employer: Self
$5,000.00
11/9/2010
Individual Contribution
Republican State Senate Campaign Committee
Levine, Marc
905 Greenleaf Avenue Wilmette, IL 60091
Occupation: CEO/President of Company
Employer: CHICAGO ASSET FUNDING
$350.00
10/31/2010
Individual Contribution
Dan Rutherford Campaign Committee
Levine, Marc
905 Greenleaf Avenue Wilmette, IL 60091
Occupation: CEO/President of Company
Employer: CHICAGO ASSET FUNDING
$2,500.00
10/30/2010
Individual Contribution
Dan Rutherford Campaign Committee
Levine, Marc
905 Greenleaf Avenue Wilmette, IL 60091-2704
Occupation: Finance
Employer: Chicago Asset Funding
$10,000.00
10/29/2010
Individual Contribution
Brady for Senate Inc
Levine, Marc
905 Greenleaf Avenue Wilmette, IL 60091-2704
Occupation: Finance
Employer: Chicago Asset Funding
$20,000.00
10/29/2010
Individual Contribution
Brady for Senate Inc
Levine, Marc
905 Greenleaf Avenue Wilmette, IL 60091
Occupation: Executive
Employer: Chicago Asset Fund
$5,000.00
10/25/2010
Individual Contribution
Citizens to Elect Tom Cross State Representative
Levine, Marc
905 Greenleaf Avenue Wilmette, IL 60091-2704
Occupation: Finance
Employer: Chicago Asset Funding
$2,000.00
10/21/2010
Individual Contribution
Brady for Senate Inc
Levine, Marc
905 Greenleaf Avenue Wilmette, IL 60091
Occupation: Executive
Employer: Chicago Asset Funding
$1,000.00
10/19/2010
Individual Contribution
House Republican Organization
Levine, Marc
905 Greenleaf Avenue Wilmette, IL 60091-2704
Occupation: Finance
Employer: Chicago Asset Funding
$1,000.00
10/7/2010
Individual Contribution
Brady for Senate Inc
Levine, Marc
905 Greenleaf Avenue Wilmette, IL 60091-2704
Occupation: Finance
Employer: Chicago Asset Funding
$15,000.00
10/1/2010
Individual Contribution
Brady for Senate Inc

Chairing the Illinois State Board of Investment is a powerful position. Rauner’s state pension fund investments have made him a very wealthy man, a man able to self-finance his own campaigns with millions of dollars. Since he was elected Governor, Rauner’s income has grown by more than 56%.

Rauner and his Illinois Policy Institute appointee, Marc Levine have not been honest about their conflicts-of-interests and it is time for media to ask them some pointed questions.

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