Dennis Nguyen pulls out of Secretary of State race

Nguyen, a Republican who works in private equity, announced the move on his Facebook page this morning.

"My four young children require my active involvement in their lives. Additionally, global equity markets are on the upswing and I need to focus on bringing a number of New Asia Partners' investments to the market in 2014," Nguyen wrote. "This will require spending a lot of time over the next few months traveling both domestically and internationally. With my many ongoing obligations, both business and civic, it would be difficult, if not impossible, for me to make a full time commitment to a statewide campaign at this time."

We touched based with with Nguyen's campaign manager and spokesman, Sen. Brendan Petersen, R-Andover, and asked him whether the strip club controversy had anything to do with Nguyen's decision.

"The statement speaks to the rationale of him leaving the race," Petersen said. "It speaks for itself."

On that note, here's the rest of Nguyen has to say in it:

"My campaign for Secretary of State emphasized the following three themes. First, I wanted to make the SoS office the one stop shop for job creation and capital formation in the state of Minnesota. Second, we need to ensure that any one who votes, votes legitimately. Finally, the Republican Party in Minnesota and throughout the United States needs to build a bigger tent in order for us to survive electorally in the twenty-first century. That means taking our conservative message of economic and social empowerment, fiscal prudence, and personal responsibility to non-traditional Republican audiences such as minorities, youth, and working class folks.

I am honored to receive such deep and wide support from all corners of our state. I would like to thank the many supporters of my campaign but most importantly, Speaker Steve Sviggum, Ron Eibensteiner, Michael Macaluso, Frank Jao, Nghi Huynh, Diane Johnson, Ken Cutler, Stan Hubbard, Sen David Senjem, Sen Branden Petersen, Sen Jeremy Miller, Sen Eric Pratt, Sen Roger Chamberlain, Sen David Osmek, Rep Steve Drazkowski, Rep Brian Johnson, Rep Jim Abeler, Rep Mike Beard, Rep Jenifer Loon, and Rep Cindy Pugh.

I will still be actively engaged in our Minnesota Republican Party and look forward to enthusiastically supporting our Republican nominee for Secretary of State in 2014. This will be a tough election and all hands are needed on deck. I look forward to advancing our fiscally responsible, big tent message in the years to come."

-- Follow Aaron Rupar on Twitter at @atrupar. Got a tip? Drop him a line at [email protected]