Youngkin raises big money, but Democrats have edge in Va. campaign cash

Here are three takeaways about the political state of play in Virginia from the first-quarter campaign finance reports:The multimillionaire former co-CEO of the Carlyle Capital Group private equity fund reported that his Spirit of Virginia PAC raised nearly $2.7 million for the first three months of the year.That’s by far the most ever raised by a Virginia governor for a comparable period, according to VPAP.

His largest single donation so far is $250,000 from an organization called Third Street Philadelphia Holding. The report filed with the state Department of Elections lists an address in a downtown Philadelphia building but provides no further information about the group. The PAC’s other six-figure donors were Mark J. Styslinger, an executive with an Alabama-based company that makes heavy equipment, who gave $100,000; and Tiger Lily Capital, a Charlottesville based private investment firm, which also gave $100,000.Democratic candidates for Senate report an aggregate of nearly $12.6 million in cash on hand as of April 15, while Republican candidates report almost $7.1 million in the bank, according to VPAP.

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