Wyden Investigation of Kushner Firm Continues; New Letter Outlines Affinity Partners' Fee Structure

Reporting cited here

1. documented

   The Senate Finance Committee chair reported that Affinity Partners, owned by Donald Trump's son-in-law Jared Kushner, had collected as much as $157 million in fees from foreign clients, including $87 million from the Saudi government, and had generated no investor return as of July 2024.

   Key findings on foreign-client fees and investment returns

   Affinity collected as much as $157 million in foreign-client fees · Committee findings published; underlying inquiry was ongoing

2. reported

   The Senate Finance Committee said Affinity Partners had deployed $1.1 billion by July 2024, generated no return on investment, and had not distributed any earnings to investors by that date; it also said the Saudi Public Investment Fund paid a 1.25% management fee while some other investors paid nearly 2%.

   July 2024 performance figures and fee table; $1.1 billion deployed, no ROI or earnings distributions, and investor fee rates

   Affinity had deployed $1.1 billion but reported no investment return · No ROI or earnings distributions reported to the committee as of July 2024

3. reported

   Senate Finance reported that Affinity Partners had collected as much as $157 million in fees from foreign clients, including $87 million from the Saudi government, while producing no returns for investors as of July 2024.

   Senate inquiry reports $157 million in fees to Affinity · Committee inquiry ongoing at publication