Orin Kramer, once an influential New Jersey Democratic insider dubbed the “King of the New York Obamasaurs” as a major bundler for Barack Obama’s 2008 bid for the presidency, is now helping South Bend mayor Pete Buttigieg raise money for his presidential campaign.
The New York Times was first to report Kramer’s role in the Buttigieg campaign.
This is a loss for U.S. Senator Cory Booker, who has received financial support from Kramer in the past.
Kramer’s time in New Jersey politics goes way back.
The South Orange native started out as the policy director on Brendan Byrne’s 1973 campaign and then served as a special assistant to State Treasurer Richard Leone.
After working as issues director on Jimmy Carter’s 1976 presidential campaign, he spent four years on the White House domestic policy staff.
After Carter lost to Ronald Reagan, Kramer went to Wall Street and eventually founded hedge fund Boston Provident. He raised money for Democratic candidates, served as a commissioner of the New Jersey Sports and Exposition Authority, and was Gov. Jon Corzine’s pick to head the New Jersey Investment Council.
Last year, Kramer served on the finance committee for Rep. Tom Malinowski (D-Rocky Hill) in his successful bid to oust five-term GOP incumbent Leonard Lance.