Soros backs pro-Hillary super-PAC

Democratic mega-donor George Soros is backing a super-PAC dedicated to electing former Secretary of State Hillary Clinton as president in 2016.

The super-PAC, Ready for Hillary, tweeted on Thursday that Soros would serve as one of the co-chairs of the group's national finance council.

Soros, a billionaire hedge fund manager who has launched a number of liberal advocacy groups, has pledged $25,000 to the PAC, according to Reuters.

"His support for Ready for Hillary is an extension of his long-held belief in the power of grassroots organizing," Soros spokesman Michael Vachon told Reuters.

He previously contributed to President Obama's 2008 campaign, and during the 2012 cycle, gave $1 million to liberal super-PACs Priorities USA Action and American Bridge 21st Century.

Clinton hasn't yet made a decision on the race, but Ready for Hillary has been building a network of donors and supporters to help entice her to enter the race.

The group is focused largely on grassroots organizing, but it's drawn the support of a number of big-name Democrats as they jockey to come out as early backers of a Clinton presidential bid.