🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

Jared Kushner's PE firm was backed by Emirates, Qatar - NYT

Published 03/30/2023, 04:32 PM
Updated 03/30/2023, 04:42 PM
© Reuters. FILE PHOTO: Jared Kushner, former senior advisor to the president during the administration of his father-in-law, former President Donald Trump, speaks about the Abraham Accords during an event at the Trump affiliated America First Policy Institute in Was

(Reuters) - Wealth funds in the United Arab Emirates (UAE) and Qatar have invested hundreds of millions of dollars with former U.S. President Donald Trump's son-in-law Jared Kushner's private equity firm, the New York Times reported on Thursday.

The Emiratis invested more than $200 million with Kushner's Affinity Partners, while a Qatari entity also put in a similar sum, the newspaper said, citing people with knowledge of the transactions.

Kushner, who was also a top adviser to Trump, formed the Miami-based Affinity Partners in 2021, Reuters had reported.

The investment from the UAE came through a sovereign wealth fund, but the Qatari investor's identity was unclear, the NYT report said.

© Reuters. FILE PHOTO: Jared Kushner, former senior advisor to the president during the administration of his father-in-law, former President Donald Trump, speaks about the Abraham Accords during an event at the Trump affiliated America First Policy Institute in Washington, September 12, 2022.  REUTERS/Evelyn Hockstein

Abu Dhabi Investment Authority, Mubadala, Emirates Investment Authority, Affinity Partners, and the Qatar and UAE embassies in Washington did not immediately respond to Reuters requests for comment.

Last year, a U.S. House of Representatives committee had said it was investigating the Saudi Arabian government's $2 billion investment with a firm of Kushner.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.