Please try another search
© Reuters. FILE PHOTO: Jared Kushner speaks at the inaugural event of the Abraham Accords Caucus in the Knesset, Israeli parliament, in Jerusalem October 11, 2021. REUTERS/Ammar Awad
By Steve Holland
WASHINGTON (Reuters) - Jared Kushner's global investment firm, Affinity Partners, has raised more than $3 billion in committed funding from international investors, a person familiar with the fund-raising effort told Reuters on Thursday.
Kushner, a former top aide to former President Donald Trump who is married to his daughter, Ivanka, formed the Miami-based Affinity Partners last summer after deciding to step away from politics, and began raising money in the fall.
Kushner plans to invest in American and Israeli companies that are looking for international expansion opportunities in India, Africa, the Middle East and other parts of Asia.
Kushner's firm has received commitments of more than $3 billion, the source said, adding that he expects to continue fund-raising efforts for the next few months to close these and add potential additional commitments.
Information on specific investors was not disclosed, but Affinity was targeting American institutions and foreign investment institutions, including sovereign wealth funds and high net worth individuals.
Affinity is hoping to close its first deal in the first quarter of 2022, the source said.
The firm has hired about 20 people, including private equity veterans Bret Perlman and Asad Naqvi, and plans to focus on U.S. based investments as well as those in the Middle East.
At the Trump White House, Kushner helped broker deals between Israel and the United Arab Emirates, Bahrain, Sudan and Morocco in a six-month flurry last year. He also helped negotiate a new U.S.-Mexico-Canada trade agreement.
He played a prominent role in Trump's failed 2020 reelection campaign, but has steered clear of Trump's false claims of voter fraud. Kushner tried to distance his father-in-law from fringe, far-right social media platforms after Trump was kicked off Twitter (NYSE:TWTR) following the deadly riot on Jan. 6.
Kushner hopes to create "an investment corridor" between Israel and Saudi Arabia, by working with Israeli and Gulf companies and investors, the person said.
He has also written a book about his White House experience that is expected to be published by HarperCollins in 2022.
By Senad Karaahmetovic Goldman Sachs' chief U.S. equity strategist, David Kostin, has reflected on the growing possibility of the US economy entering a recession. Goldman’s...
(Reuters) - U.S. stock index futures fell on Thursday, signaling more selling on Wall Street as investors kept a close eye on the impact of rising inflation on the U.S. economy...
By Tom Sims and Frank Siebelt FRANKFURT (Reuters) -Deutsche Bank begins a new epoch on Thursday as Chairman Paul Achleitner leaves after a rocky decade during which Germany's...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.