| Company type | Private |
|---|---|
| Industry | Investment management |
| Founded | July 1, 2021 in Miami, Florida, U.S. |
| Founder | Jared Kushner |
| Headquarters | , U.S. |
Key people | Jared Kushner, Bret Pearlman and Asad Naqvi |
| Products | Investment fund |
Number of employees | 20 (2021[citation needed]) |
| Website | affinitypartners |
Affinity Partners is an American investment firm, based in Miami, Florida. It was formed in 2021 by Jared Kushner, Donald Trump's son-in-law, who also served as a senior advisor during Trump's first presidency. The firm has a focus on investing in American and Israeli companies. Its sources of funding are overwhelmingly from the Saudi Arabian government.
Kushner's firm received commitments of more than $3 billion by the end of 2021 to invest in American and Israeli companies that are expanding in India, Africa, the Middle East and other parts of Asia. Investors include $2 billion from the Saudi government's sovereign wealth fund, Public Investment Fund, with Kushner stating that he hopes to open an "investment corridor between Saudi Arabia and Israel",[1][2] seen internationally as a "sign of warming ties between two historic rivals".[3] Officials who head the Public Investment Fund objected to investing in Kushner's firm, but Saudi ruler Mohammed bin Salman overruled those officials.[4]
The firm has a staff of approximately 20 people.[5] By 2024, the firm had returned no profits to its investors.[6]
- ^ Holland, Steve (December 23, 2021). "Jared Kushner investment firm Affinity raises $3 billion in committed funding". Reuters. Retrieved June 10, 2022.
- ^ Cite error: The named reference
:1was invoked but never defined (see the help page). - ^ Jones, Dion Nissenbaum and Rory (May 8, 2022). "WSJ News Exclusive | Jared Kushner's New Fund Plans to Invest Saudi Money in Israel". The Wall Street Journal. ISSN 0099-9660. Retrieved June 11, 2022.
- ^ Kirkpatrick, David D.; Kelly, Kate (April 10, 2022). "Before Giving Billions to Jared Kushner, Saudi Investment Fund Had Big Doubts". The New York Times. ISSN 0362-4331. Retrieved February 14, 2024.
- ^ Holland, Steve (December 23, 2021). "Jared Kushner investment firm Affinity raises $3 billion in committed funding". Reuters. Retrieved June 9, 2022.
- ^ "Kushner's Fund Has Reaped Millions in Fees, but So Far Returned No Profits". The New York Times. 2024.