Affinity Partners

Affinity Partners is an American investment firm based in Miami, Florida. It was formed in 2021 by Jared Kushner, Donald Trump's son-in-law, who also served as a senior advisor during Trump's first presidency. It serves as a private investment that legally is not subject "to the same anti-money laundering and beneficial ownership reporting requirements of other financial institutions" hence being excluded by the definition of investment company set under the Investment Company Act of 1940. The firm has a focus on investing in American and Israeli companies. Its sources of funding are overwhelmingly from the Saudi Arabian government. Kushner's firm received commitments of more than $3 billion by the end of 2021 to invest in American and Israeli companies that are expanding in India, Africa, the Middle East, and other parts of Asia. The largest investor by some margin is the Saudi government's sovereign wealth fund, the Public Investment Fund, which has allocated $2 billion to the firm. Officials who headed the Public Investment Fund objected to investing in Kushner's firm, but Saudi ruler Mohammed bin Salman overruled those officials. The firm is fully owned by Jared Kushner and has a staff of approximately 20 people. By 2024, the firm had returned no profits to its investors. The firm has been controversial due to conflicts of interest arising from Kushner soliciting funds from Middle Eastern governments while also working as an envoy having direct and indirect dealings with those governments in his role in the second Trump administration. According to reporting by Bloomberg News, investors in the firm do so with the expectation of influencing the Trump administration.