Kushner Seeks $5 Billion From Gulf Sovereign Funds as Trump’s Envoy

Overview

• Jared Kushner is reported to be soliciting at least $5 billion for Affinity Partners from Middle East governments, including Saudi Arabia, the United Arab Emirates, and Qatar.
• Affinity representatives have held discussions with Saudi Arabia’s Public Investment Fund, with Axios reporting talks over potential “first look” rights for deals.
• Kushner has been serving since February as an unofficial special peace envoy and meeting regional actors, overlapping his diplomatic role with active fundraising.
• Ethics experts, including Norm Eisen, warn of serious conflicts of interest, and the Democracy Defenders Fund has filed an inspector general complaint citing possible legal violations.
• Kushner’s firm previously received a $2 billion commitment from Saudi Arabia’s fund, he had suggested he would avoid new foreign capital during Trump’s second term, and the White House is not requiring him to file public financial disclosures.