Jared Kushner's firm got $2 billion from Saudi wealth fund run by crown prince, despite board's objections

Summary by Ground News

Jared Kushner developed a friendly relationship with the crown prince, known as MBS, during his tenure in the White House. The Saudi panel that supervises investments for the sovereign wealth fund expressed concern about the inexperience of the investment organization led by Kushner. The deal smacks of political payback, ethics experts told the Times.

3 months ago·Washington, United States

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New York Times

Before Giving Billions to Jared Kushner, Saudi Investment Fund Had Big Doubts

Six months after leaving the White House, Jared Kushner secured a $2 billion investment from a fund led by the Saudi crown prince, a close ally during the Trump administration, despite objections from the fund’s advisers about the merits of the deal. A panel that screens investments for the main Saudi sovereign wealth fund cited concerns about the proposed deal with Kushner’s newly formed private equity firm, Affinity Partners, previously undiscl

3 months ago·New York, United States

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HuffPost

Saudis Give $2 Billion To Jared Kushner's Fund After Cozy Trump Ties: Report

Kushner ally Crown Prince Mohammed bin Salman overruled sovereign fund panel fears about inexperienced management and troubling risks.

3 months ago·United States

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Newsweek

Jared Kushner Saudi revelations compared to Hunter Biden laptop

A story about Biden's laptop sparked outrage among Donald Trump's supporters but social media users say the same indignation should be applied to Kushner's dealings with the Saudi crown prince.

3 months ago·United States

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Raw Story

Saudi investors warned against $2 billion Jared Kushner investment fund

Jared Kushner spent his final days in the White House traveling to the Middle East and after leaving, he has worked his contacts there to capture investors for his "investment" fund. According to the New York Times, a panel screening investments for the Saudis couldn't quite figure out why they shou...

3 months ago·United States

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Arab News

Jared Kushner's PE firm secured $2bn from Saudi Arabia: NYT

Author: Mon, 2022-04-11 14:57 RIYADH: Jared Kushner's private equity firm, Affinity Partners secured $2 billion from Saudi Arabia's sovereign wealth fund in the summer of 2021, according to a New York Times report. To secure the deal, Kushner traveled multiple times to the Middle East. Despite being rebuffed by Qatar and the United Arab Emirates, he secured a $2 billion investment from Saudi Arabia's Public Investment Fund in July last year,…

3 months ago·Riyadh, Saudi Arabia

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