In announcing the ad buy earlier this month, Lycan told Politico "Sen. Cruz is under attack from all directions and will be for the remainder of this election. Stand for Truth is here to make sure an accurate message reaches voters.”
Lycan did not respond to requests for comment.
Who’s behind it?
Lycan served as legal counsel for Senate Majority Leader Mitch McConnell’s 2014 re-election effort — perhaps surprising considering Cruz’s continual quarrelling with the Kentucky Republican.
Investor Hal Lambert of Texas is also a major backer of Stand for Truth, according to The Washington Post. Lambert, who has raised money for Cruz in the past, was previously the Texas Republican Party's finance chair.
Lambert, who did not respond to requests for comment, has already maxed out his contributions to the official Cruz campaign, though he won’t run into this problem in donating to Stand for Truth. Like any super PAC, Stand for Truth has no limits on how much it may raise or spend, as long as the group does not directly coordinate its spending with the candidate.
Republican ad firm SRCP Media is spearheading Stand for Truth's media buys. The firm has previously bought ads for the campaigns of Sen. John McCain, R-Ariz., as well as outside groups such as the American Future Fund and Americans for a Balanced Budget.
Stand for Truth revealed the identities of its bankrollers on Jan. 30 — two days before the Iowa caucuses.
Since forming in November, Stand for Truth raised nearly $2.5 million through Dec. 31, according to the group’s first fundraising report with the Federal Election Commission.
One family’s contributions make up more than a third of that fundraising total. Texan investor Adam Ross and his wife Tara Ross — an author who writes about constitutional history — together gave $1 million to the pro-Cruz group. A longtime friend of Cruz, Adam Ross is a member of the Republican Jewish Coalition.
Hundreds of thousands of dollars came from corporations and limited liability companies.
Tranquil Path Investments Ltd., owned by banker Robert Marling, donated $250,000 to Stand for Truth. Marling’s wife, Kim, also donated $25,000 in December. Robert Marling also donated to another pro-Cruz super PAC: Keep the Promise PAC.
Records show that Marling has likewise donated to conservative Club for Growth Action, as well as the 2012 presidential campaigns of Newt Gingrich and Michele Bachmann.
The pro-Cruz super PAC has spent $4.8 million on radio ads, TV ads and other pro-Cruz efforts as of Jan. 31, according to federal independent expenditure records, which must be filed immediately after such expenditures are made. This indicates Stand for Truth’s war chest has grown since the end of December.
The January ad blitz coincides with numerous other ad volleys in Iowa by candidates and outside groups alike.
So far in January, Iowa TV markets played home to 55 percent of the presidential campaign ads aired nationwide, according to a Center for Public Integrity analysis of data from media tracking firm Kantar Media/CMAG.
Kantar Media/CMAG monitors television ads that run on local broadcast TV in all 211 media markets, as well as national network and national cable TV. It does not monitor local cable stations or track digital advertising.
Why watch this group
Stand for Truth moves from the periphery amid reported conflict between Cruz’s campaign and his three main supportive super PACs: Keep the Promise I, Keep the Promise II and Keep the Promise III. Cruz is said to be frustrated that the groups are hoarding their flushed cash reserves.
As a result, nearly 90 percent of all pro-Cruz TV ads have come from the Cruz campaign itself.
This stands in stark contrast to fellow Republican candidate Jeb Bush, whose campaign has only sponsored 5 percent of all pro-Bush TV ads, according to a Center for Public Integrity analysis of Kantar Media/CMAG data. Bush’s TV messaging is instead being outsourced to super PAC Right to Rise USA.
The emergence of Stand for Truth could mean super PACs will become responsible for more pro-Cruz ads.
This story was co-published with Al Jazeera America and the Huffington Post.