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IPFS News Link • Saudi Arabia

Saudis Invest $2 Billion with Jared Kushner, Trump's Son-in-Law

• HuffPost, The Week and Business Insider

Saudi Arabia's $620 billion Public Investment Fund made the move despite serious concerns about risks investing in Kushner's fledgling Affinity Partners investment organization, which he set up last year, according to the Times. Before father-in-law Donald Trump brought him on as a White House senior adviser, Kushner worked as a real estate developer, not an investment fund manager.

Kushner secured the money six months after leaving the White House. But the Saudi panel that supervises investments for the sovereign wealth fund expressed significant concerns about a number of issues, including the "inexperience of the Affinity Partners management" and other "unsatisfactory" aspects of the new company, according to documents obtained by the Times.


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