Affinity Partners

Affinity Partners

Company type	Private
Industry	Investment management
Founded	2021
Founder	Jared Kushner
Headquarters	Miami , United States
Area served	United States, Israel, India, Africa, Middle East, Asia, Europe
Key people	Jared Kushner (Founder)
Products	Investment funds, private equity
Number of employees	20 (2024)

Affinity Partners is a Miami-based American investment firm established in 2021 by Jared Kushner, who previously served as a senior advisor during Donald Trump's administration. The company concentrates on investments in American and Israeli enterprises, with primary funding originating from the Saudi Arabian government.

By the close of 2021, Affinity Partners had secured commitments exceeding $3 billion to support companies expanding operations in India, Africa, the Middle East, and Asia. The principal financier is Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, which contributed $2 billion. Kushner’s objective is to create an "investment corridor between Saudi Arabia and Israel," reflecting the improving relations between these nations. Although some officials within the Public Investment Fund expressed reservations, Saudi leader Mohammed bin Salman authorized the investment.

The firm’s workforce numbers approximately 20 employees. As of 2024, Affinity Partners had not distributed returns to its investors but has generated substantial fee income.

Capitalization and investors

After leaving the White House, Kushner pursued capital from Gulf sovereign wealth funds, with the Saudi Public Investment Fund (PIF) emerging as the largest backer by contributing $2 billion within six months. The firm remains heavily dependent on Saudi funding and managed assets totaling $2.5 billion as of April 2022.

In a May 2022 interview with The Wall Street Journal, Kushner highlighted his intention to strengthen commercial connections between Israelis and Muslims in the region to support mutual economic interests and reinforce significant regional transformations.

Investment portfolio

The fund has allocated resources to two undisclosed Israeli technology companies, marking the first known instance of Saudi PIF capital flowing into Israel, signaling greater openness toward regional business partnerships.

In March 2022, Affinity evaluated proposals from 13 to 15 Israeli startups. By July 2023, Affinity led a £225 million Series F financing round for Munich-based fitness technology firm EGYM—representing its inaugural investment in Europe.

As of March 2024, Affinity was in advanced negotiations with Aman Resorts to develop an environmentally sustainable resort community along Albania’s coastline.

In November 2024, Forbes disclosed that Affinity had increased Kushner’s net worth to at least $900 million, reflecting a 180% growth since early 2017 when he joined Trump’s administration as senior advisor.

Controversy

Ethics specialists have raised concerns that the investment could represent a form of recompense for Kushner, who had publicly supported Saudi Crown Prince Mohammed bin Salman during his time in government. In June 2022, the House Oversight Committee initiated an investigation into whether Kushner exploited his official position to facilitate this deal.

By 2024, the fund had accumulated $157 million in management fees, including $87 million sourced from the Saudi government. It is under Senate scrutiny over potential foreign influence ahead of the 2024 election cycle, following reports that Kushner leveraged contacts from his White House tenure. Additionally, Reuters revealed that Kushner engaged in discussions concerning U.S.–Saudi diplomatic relations after leaving office, prompting questions about how his financial interests might affect U.S. foreign policy should a second Trump administration occur.