Corporate media should ask Trump and MbS why Affinity Partners, Jared Jushner's 'investment' firm, set up with $2 billion in Saudi money, "has generated no return on investment...and failed to deploy capital in a timely fashion"?
From Ron Wyden's Investigation of Kushner's investment firm: "New Letter Outlines Affinity Partners’ Fee Structure, Lack of Return to Investors, Questionable Deals with Foreign Governments...Amid Ongoing Investigation, Finance Chair Questions Whether Kushner Firm is Designed as a Workaround for Foreign Governments to Pay Trump Officials without Disclosure":
"On Tuesday, Senate Finance Committee Chair Ron Wyden, D-Ore., continued his investigation into Affinity Partners, the firm owned by Jared Kushner, son-in-law and former top advisor of ex-President Donald Trump, with a letter detailing new findings on payments to Affinity from foreign governments and stating his concern that the firm represents a compensation scheme designed in part to skirt federal disclosure requirements."
Wyden wrote: "While I appreciate Affinity’s cooperation in this matter thus far, the information provided has heightened my concerns that investments in funds managed by Affinity create unprecedented conflicts of interest, and that Affinity’s investors may not be motivated by commercial considerations, but rather the opportunity to funnel foreign government money to members of President Trump’s family, namely Jared Kushner and Ivanka Trump...Affinity’s failure to deploy capital in a timely fashion while charging excessive fees has reinforced my view that Affinity is likely part of a compensation scheme involving U.S. political figures designed to circumvent the Foreign Agents Registration Act."
The full text of the letter is available here:
https://www.finance.senate.gov/chairmans-news/wyden-investigation-of-kushner-firm-continues-new-letter-outlines-affinity-partners-fee-structure-lack-of-return-to-investors-questionable-deals-with-foreign-governments
These "journalists" should also ask: "How has Affinity Partners grown its assets to $4.8 billion with Middle East funding?"
"Investing.com -- Affinity Partners, the asset management firm run by Jared Kushner, has seen its assets under management (AUM) swell to $4.8 billion, a significant increase from the $3 billion reported in 2024...The company received substantial commitments from Abu Dhabi-based asset manager Lunate and the Qatar Investment Authority. These contributions accounted for $1.5 billion of the increase, as reported in a filing with the US Securities and Exchange Commission on Thursday."
https://www.investing.com/news/stock-market-news/affinity-partners-grows-assets-to-48-billion-with-middle-east-funding-93CH-3954437
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