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Saudi public fund invests $2 billion in Kushner's new firm

Date not published

Reporting and findings

  1. reported

    House Oversight reported that Jared Kushner formed Affinity Partners on January 21, 2021, and that six months later Saudi Arabia's Public Investment Fund invested $2 billion in the firm.

Summary and current status

House Oversight opened an inquiry into the Saudi Public Investment Fund's $2 billion investment in Affinity Partners; the cited amount is firm-level investment capital.

House Oversight opened its inquiry on June 2, 2022

People and organizations

Relationships in this file

  1. Donald J. Trumpson-in-law whose firm received state-linked investmentJared Kushner

Money trail

  1. investmentSaudi PIF commitment to Affinity Partners$2 billion
    Committed investor / source
    Saudi Public Investment Fund
    Committed investment recipient
    Affinity Partners
    committed · 2022-06-02 · observedRead source record
    Calculation detailsPopulation Saudi Public Investment Fund capital commitment to Affinity Partners reported by the House committeePeriod 2022-06-02 to 2022-06-02Basis Commitment amount reported by the House committee on June 2, 2022; that publication date is the observation date because the exact agreement date is unstated.Limits Committed capital is not deployed capital, investment return, management fees, or a personal distribution to Jared Kushner.