Jared Kushner's investment company Affinity Partners saw assets under management jump 60% to $4.8 billion, after receiving a cash injection from Middle East investors including Qatar's sovereign wealth fund. Saudi Arabia has invested $2 billion in Affinity Partners, according to congressional investigators. Kushner is subject to zero financial disclosure requirements as an unpaid government volunteer.
$6.2BAffinity Partners AUM (from $3B at term start)
$2BSaudi PIF investment in Affinity Partners
$5BReported new fundraising target from Gulf governments
$0Financial disclosures required as government volunteer

The Volunteer LoopholeLegally Invisible — By Design

Legal Structure

As a government volunteer and not a paid employee, Kushner is entirely exempt from standard financial disclosure laws that apply to all other senior administration figures. He simultaneously serves as one of the government's Middle East negotiators and raises capital from the same governments he negotiates with. Senator Wyden referred Kushner to the Department of Justice in late 2024 after unveiling evidence of Kushner engaging in political activity while on the payroll of Gulf state governments.

Electronic ArtsEA Acquisition — Kushner Introduced Saudi PIF

Affinity Partners signed a deal as part of a consortium that acquired US video-game developer Electronic Arts (EA) — with Saudi Arabia's Public Investment Fund controlling nearly all of the vehicle. Kushner had initially introduced PIF to EA and led backroom talks for months before the deal came together. On 60 Minutes, Kushner said: "What people call conflicts of interest, Steve and I call experience and trusted relationships."

"If there were credible information that showed Epstein trafficked girls to others, I would bring the case yesterday."

— Kushner on 60 Minutes, on his diplomatic methodology: "experience and trusted relationships"
Public Market Instruments — Section 5 · Sovereign Wealth Adjacent & Private Equity Publicly Traded
EAElectronic Arts IncNYSE/NASDAQ
KSAiShares MSCI Saudi Arabia ETFETF
GULFWisdomTree Middle East Dividend ETFETF
BXBlackstone IncNYSE/NASDAQ
KKRKKR & Co IncNYSE/NASDAQ
APOApollo Global ManagementNYSE/NASDAQ
CGCarlyle GroupNYSE/NASDAQ
EMQQEMQQ Emerging Markets ETFETF
⚠ For informational purposes only. Not investment advice. Always conduct independent research.