Jared Kushner Solicits Funds for His Firm While Working as Mideast Envoy [View all]

https://www.nytimes.com/2026/03/13/business/jared-kushner-affinity-mideast-funds.html

Jared Kushner Solicits Funds for His Firm While Working as Mideast Envoy
President Trump’s son-in-law is trying to raise $5 billion or more from foreign governments and others for his private equity firm.
By Rob Copeland and Maureen Farrell
March 13, 2026, 8:46 p.m. ET

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.

...