Tiny Red HandsBack

Senate inquiry said foreign investors supplied 99% of Affinity's assets

Date
2024-06-12
Entry type
foreign-state-investment
Current status
Foreign-capital concentration documented in Senate inquiry

The investor concentration makes Gulf governments the dominant capital base for Kushner's post-White House firm.

Entities and roles

Relationships in this file

  2. Qatar Investment Authorityforeign-state limited partnerAffinity Partners
  3. Donald J. Trumpson-in-law, former senior adviser, and Affinity Partners founderJared Kushner

Money trail

  1. investmentEntirely foreign-funded parallel fund$2,970,000,000
    Reported investor / source
    Foreign limited partners
    Reported investment recipient
    Affinity Partners parallel fund
    reported · 2024-06-12 · observedPopulation Affinity Partners parallel fund described by the Senate Finance CommitteePeriod 2021-01-01 to 2024-06-12Basis Use the fund size and 100% foreign funding characterization stated by the committee chair.Limits This is committed assets under management, not fees, investment gains, distributions, or Jared Kushner's personal income.Open cited evidence

Claims and evidence

  1. analysisreported

    Senate Finance Committee Chair Ron Wyden reported that foreign investors supplied 99% of Affinity Partners' assets under management and that a $2.97 billion parallel fund was funded entirely by foreign investors.