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To Raise Cash, Romney Heads Overseas

He’s holding virtual fundraisers with bankers in Asia
Mitt Romney speaks at a campaign rally at the Bowling Green Community Center in Bowling Green, Ohio
Mitt Romney speaks at a campaign rally at the Bowling Green Community Center in Bowling Green, OhioPhotograph by J.D. Pooley/Getty Images

Though Mitt Romney has raised more money than Barack Obama in recent months, the president is still beating him in the little-noticed race to tap wealthy expats, topping Romney’s overseas donations by a nearly 2-to-1 margin, according to the Center for Responsive Politics. Now the Romney campaign is taking the unusual step of dispatching the candidate to make personal appearances at fundraisers with Americans abroad.

During a weeklong overseas trip that begins July 25, Romney will use his network of global business contacts to hit up wealthy donors between stops at the Olympics and meetings with foreign leaders. On July 26 executives from Goldman Sachs, JPMorgan Chase, Credit Suisse, and Barclays will host a $2,500-a-person reception for him in London. That will be followed by a $25,000-a-plate dinner co-hosted by Dwight Poler, a managing director at Bain Capital Europe. Several days later, Romney will sit down with Israeli Prime Minister Benjamin Netanyahu, an old friend and colleague from Boston Consulting Group in the 1970s, then mingle with American donors at a Jerusalem hotel. Access to that gathering requires couples to write a $50,000 check or raise $100,000. Americans who reside stateside are invited to attend, with hopes they’ll bring along friends who live in Israel.