The new Miami-based investment fund Affinity Partners that Jared Kushner formed last summer after deciding to step away from politics, has raised over $3 billion in committed funding from international investors.
According to a person familiar with the fundraising effort, the former top White House aide and husband of former President Trump’s daughter, Ivanka, will continue to fundraise and finalize the $3B in commitments for the next few months.
Kushner allegedly plans to invest in American and Israeli companies looking for international expansion opportunities in India, Africa, the Middle East, and other parts of Asia and has reportedly been seeking out funding from Middle Eastern countries for his investment fund, but sovereign wealth funds and leaders in the UAE and Qatar were allegedly not interested in investing.
Though they did see him as an ally, UAE leaders reportedly had concerns about Kushner’s previous business performance, while the Qatari government viewed Trump’s son-in-law as an adversary under the Trump White House.
However, reportedly as of late November according to the New York Times, there are ongoing negotiations between Saudi Arabia’s Public Investment Fund and Kushner, who has maintained a close relationship with Saudi Crown Prince Mohammed bin Salman.
During his time in the White House, Kushner was heavily involved in Middle Eastern foreign policy, helping broker deals between Israel and the UAE, Bahrain, Sudan, and Morocco.
Kushner was among the people that helped orchestrate Trump administration trips and deals with Saudi Arabia, including a $110 billion American arms deal and Trump’s first trip outside of the US to the Kingdom.
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