Private equity firms and hedge funds are big business. These arrangements have made their owners and contributors billionaires. Washington started to notice and about the same time, these firms also started making sure they were noticed by Washington--through their campaign contributions.
This year donations are soaring--twenty senior managers have given $360,000 to party committees and candidates so far in 2007. This is close to the total $470,000 given in 2006, according to the Center for Responsive Politics.