Jared Kushner's PE firm secured $2bn from Saudi Arabia: NYT

Jared Kushner's PE firm secured $2bn from Saudi Arabia: NYT
Jared Kushner, was Special Advisor to President Trump. Image Shutterstock
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Updated 11 April 2022
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Jared Kushner's PE firm secured $2bn from Saudi Arabia: NYT

Jared Kushner's PE firm secured $2bn from Saudi Arabia: NYT

RIYADH: Jared Kushner's private equity firm, Affinity Partners secured $2 billion from Saudi Arabia's sovereign wealth fund in the summer of 2021, according to a New York Times report. 

To secure the deal, Kushner traveled multiple times to the Middle East.

Despite being rebuffed by Qatar and the United Arab Emirates, he secured a $2 billion investment from Saudi Arabia's Public Investment Fund in July last year, the report added. 

The report also noted that the PIF was initially reluctant to support Kushner's fund, citing his lack of experience. However, the board of the PIF finally decided to sign the deal. 

Kushner set up Affinity Partners in July 2021 following his departure from the White House.

During his time at the White House, he served as a senior advisor to his father-in-law, the then president Donald Trump.