Affinity Partners

Jared Kushner launched Affinity Partners in 2021 from Miami, Florida, creating a private equity firm designed to operate outside the strict reporting rules of the Investment Company Act of 1940. The strategy centers on backing companies from the United States and Israel that are looking to expand into India, Africa, the Middle East, and Asia. This lean structure supports a small team of roughly 20 staff members while allowing the firm to pursue high-stakes deals without the overhead typical of larger Wall Street institutions.

The firm secured its initial momentum by raising $2 billion from Saudi Arabia's Public Investment Fund later that year. By September 2026, Affinity Partners had added another $3 billion from Gulf investors, pushing total assets under management past $5 billion. Despite this capital influx, reports from early 2024 noted the firm had not yet generated profits for its backers, suggesting a long-term hold approach rather than quick returns. In late 2025, the group stepped back from a competitive bid to acquire Warner Bros. Discovery before refocusing on its core technology and defense portfolios.

Recent developments have placed the company at the center of intense geopolitical scrutiny. Investigations revealed the firm holds a major stake in an entity linked to $456 million in Israeli military suppliers. These findings emerged as Kushner served as a U.S. special envoy tasked with brokering peace in Gaza, raising questions about potential conflicts of interest. The firm recently rebranded its real estate division as Truestead Group in September 2026 to signal a consolidation of its diverse holdings. [edit]