
© Ya Libnan/Hani Amara/reutersmedia/KJNCrown Prince Mohammed bin Salman • Jared Kushner
Jared Kushner secured a $2 billion investment for his private equity firm from Saudi Arabia's sovereign wealth fund last summer,
The New York Times reported. Kushner set up Affinity Partners in July following his departure from the White House, where he served as a senior advisor to his father-in-law, President Donald Trump.
Reports have since detailed how Kushner
has traveled the Middle East trying to drum up investment,
with mixed success. Though said to have been rebuffed by Qatar and the United Arab Emirates, Kushner secured a $2 billion investment from Saudi Arabia's Public Investment Fund in July,
The Times reported.
However, citing an internal document dated June 30,
an internal PIF panel tasked with assessing the feasibility of investment
was reluctant to support Kushner's fund, citing his lack of experience. The group also flagged that
its background check found that Affinity Partners was "unsatisfactory in all aspects" and that there were "public relations risks" given Kushner was a former senior adviser to Trump.
But the panel was overruled by the board of the PIF,
The Times reported.
The chairman of the board is Crown Prince Mohammed bin Salman, the country's de facto leader who has formed a close bond with Kushner since 2017. The PIF and Kushner Companies, the Kushner family firm, did not immediately respond to Insider's request for comment.
Comment: It's telling that numerous world powers, including India, Pakistan, the UAE, and China, have independently and overtly signaled their alliance with Russia, meanwhile the West has had to resort to coercion and meddling in its attempts to maintain a modicum of control over its 'partners':
- Serbia preferred abstention, but says it was blackmailed over UN vote on Russian suspension
- Biden and Modi to hold virtual talks where US will pressure India into taking hardline on Russia over Ukraine
- Scott Ritter: Was the US involved in Pakistani PM's departure, as he claims?
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