President Barack Obama is holding a private fundraiser with about 20 donors who each gave $35,800 to his re-election effort.

Obama is holding the event at the upscale W Hotel near the White House. The fundraiser is closed to the media.

Proceeds from Monday's fundraiser are split between Obama's re-election campaign and the Democratic Party.

Through the end of February, Obama has raised about $300 million for his re-election campaign and the Democratic National Committee during the current election cycle. He raised more than $4 million during events in Chicago and Atlanta last Friday.