Ivanka’s beloved Jared is making a killing:
Jared Kushner, one of the U.S. government’s chief negotiators in the Middle East, is trying to raise more money for his private equity firm from governments in the region. Mr. Kushner, President Trump’s son-in-law, has spoken with potential investors in recent weeks about raising $5 billion or more for Affinity Partners, his investment firm, according to five people with knowledge of the talks who were not permitted to speak publicly about the discussions.
As part of the fund-raising effort, Affinity’s representatives have already met with Saudi Arabia’s Public Investment Fund, which invests the proceeds of the kingdom’s vast oil reserves, two of the people briefed on the discussions said. PIF is led by Crown Prince Mohammed bin Salman, who has formed close ties with Mr. Kushner and the Trump administration.
PIF, which is already the largest and earliest investor in Affinity, invested $2 billion soon after the first Trump administration ended. As part of that deal, the Saudis must be given the first chance to invest during any subsequent attempts by Affinity to raise funds, the two people said. Other Middle Eastern sovereign wealth funds that invested earlier in Affinity, including those in the United Arab Emirates and Qatar, are also expected to be asked for more, the people said.
Mr. Kushner’s fund-raising is expected to stretch on for the better part of this year.
The chutzpah is overwhelming. We know how intimately involved he’s been with every foreign policy issue. And he’s been everywhere. One example:
In January, Mr. Kushner traveled to Davos, Switzerland, as part of the official U.S. delegation at the World Economic Forum, where he unveiled the Trump administration’s plan for a “New Gaza.”
While at Davos, Kushner also discussed his plans to raise billions in new investments for Affinity in private meetings with international business leaders, two people with knowledge of the conversations said.
As recently as December 2024, Mr. Kushner suggested that he would not seek more money for Affinity during Mr. Trump’s second term. That month, he told the podcaster Patrick O’Shaughnessy that he would “pre-emptively try to avoid any conflicts.”
“We don’t have to raise capital for the next four years,” Mr. Kushner added.
That appears to have changed. In materials provided to potential investors this year and reviewed by The New York Times, Affinity indicated that more than three-quarters of the roughly $5 billion it had raised since its founding had already been spent on investments in companies such as Phoenix Financial, an Israeli insurer, and Revolut, a financial technology start-up.
I wonder what Hunter Biden’s up to these days?