Jared Kushner's investment company, Affinity Partners, saw its assets under management rise by 60% last year to $4.8 billion, following a cash injection from Middle Eastern investors, including Qatar's sovereign wealth fund.
Kushner, son-in-law of former U.S. President Donald Trump, founded the firm in 2021 after leaving the White House at the end of Trump's first term, where he served as a top adviser on Middle Eastern affairs.
In 2024, Affinity secured an additional $1.5 billion from two existing investors—Abu Dhabi-based Lunate and the Qatar Investment Authority. Kushner announced this on an investment podcast in December, noting that the increased capital would provide the fund with "more firepower" and had closed before Trump's bid for a second term.
This capital injection contributed to a rise in assets under management to $4.8 billion by the end of 2024, up from $3 billion the previous year, according to filings with the U.S. Securities and Exchange Commission under the company name A Fin Management LLC. The filing confirms that Jared Kushner is the sole owner of the company and mentions that it has received $2 billion in investments, as reported by congressional investigators.