Affinity Partners

Launched in 2021, Affinity Partners represents a significant venture into private investment by Jared Kushner, former senior advisor to President Donald Trump. Based in Miami, Florida, the firm distinguishes itself by operating outside the stringent reporting requirements typically mandated for investment companies under the Investment Company Act of 1940. This structure allows Affinity Partners to focus on a specific investment thesis: backing American and Israeli companies, with a particular eye toward those expanding into markets across India, Africa, the Middle East, and other Asian regions. The firm's substantial capital base, exceeding $3 billion by the close of 2021, is overwhelmingly sourced from the Saudi Arabian government's Public Investment Fund, which committed $2 billion. This major investment reportedly faced internal objections within the Saudi fund but was ultimately approved by Crown Prince Mohammed bin Salman. Jared Kushner serves as the sole owner of Affinity Partners, which maintains a lean operational staff of around 20 individuals. As of early 2024, the firm had not yet generated profits for its investors. The firm's operations have drawn scrutiny due to potential conflicts of interest, stemming from Kushner's fundraising efforts with Middle Eastern governments while simultaneously engaging with these same entities in his official capacity during the Trump administration. Reports suggest that investors' expectations may include the potential for influencing future U.S. government actions.[edit]