Overview
- Affinity Partners raised large sovereign investments from Saudi Arabia, the United Arab Emirates and Qatar that helped grow the firm’s assets to roughly $6 billion and generated substantial management fees.
- Jared Kushner founded Affinity after leaving the White House and later accepted an unofficial envoy post while continuing to solicit foreign capital for the firm.
- A Saudi due-diligence review reportedly judged Affinity’s operations unsatisfactory but Crown Prince Mohammed bin Salman overruled advisers to approve an initial $2 billion injection.
- Kushner and partner Steve Witkoff led private negotiations with Iran that critics described as inexperienced and those failed talks came before U.S. and Israeli military action and wider regional disruption.
- Lawmakers have opened oversight requests and raised possible FARA and disclosure questions as some Gulf investors report buyer’s remorse and the firm faces growing reputational and legal risk.