Former Maryland Gov. Larry Hogan has laid a fundraising infrastructure that helped him rake in nearly $6 million in the last two years, according to a person familiar with his fundraising operation, as the moderate Republican toys with a White House bid in 2024.

Hogan has opened a federal PAC and a 501(c)(4) organization called “An America United”, among other fundraising ventures, to raise money as he considers running for president. While he has spent considerable time in early primary states like New Hampshire and Iowa, he has yet to declare his intention to run.

But he has compiled an initial war chest of around $6 million, raising money as he left office in Maryland after two terms as a Republican governor in a blue state. Hogan has long been a foil of former President Trump and is one of a number of moderate Republicans that could look to oppose the former president in a 2024 primary.

Hogan raised over $500,000 from his federal Better Path Forward PAC over the last year. He also raised nearly $2.1 million in 2021 from his organization An America United.

Last week, Hogan said on conservative talk radio host Hugh Hewitt’s show that he was “seriously considering” a run for president, saying he would make a decision fairly soon.