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Jared Kushner's PE firm was backed by Emirates, Qatar - NYT

 
 Jared Kushner attends the funeral for Ivana Trump, socialite and first wife of former US President Donald Trump, in New York City, US, July 20, 2022. (photo credit: REUTERS/JEENAH MOON)
Jared Kushner attends the funeral for Ivana Trump, socialite and first wife of former US President Donald Trump, in New York City, US, July 20, 2022.
(photo credit: REUTERS/JEENAH MOON)

The investment from the UAE came through a sovereign wealth fund, but the Qatari investor's identity was unclear, a NYT report said.

Wealth funds in the United Arab Emirates (UAE) and Qatar have invested hundreds of millions of dollars with former US President Donald Trump's son-in-law Jared Kushner's private equity firm, the New York Times reported on Thursday.

The Emiratis invested more than $200 million with Kushner's Affinity Partners, while a Qatari entity also put in a similar sum, the newspaper said, citing people with knowledge of the transactions.

When did Kushner create this private equity firm?

 JARED KUSHNER appears in the White House with then-US president Donald Trump and then-prime minister Benjamin Netanyahu in 2019. (credit: Carlos Barria/Reuters)
JARED KUSHNER appears in the White House with then-US president Donald Trump and then-prime minister Benjamin Netanyahu in 2019. (credit: Carlos Barria/Reuters)

Kushner, who was also a top adviser to Trump, formed the Miami-based Affinity Partners in 2021, Reuters had reported.

The investment from the UAE came through a sovereign wealth fund, but the Qatari investor's identity was unclear, the NYT report said.

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Abu Dhabi Investment Authority, Mubadala, Emirates Investment Authority, Affinity Partners, and the Qatar and UAE embassies in Washington did not immediately respond to Reuters requests for comment.

Last year, a US House of Representatives committee had said it was investigating the Saudi Arabian government's $2 billion investment with a firm of Kushner.

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