Kushner’s firm ‘backed’ by UAE, Qatar

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 US$200 million (6.8 billion baht) with Mr Kushner’s Affinity Partners, while a Qatari entity also put in a similar sum, the newspaper said, citing people with knowledge of the transactions.

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

The investment from the United Arab Emirates came through a sovereign wealth fund, but the Qatari investor’s identity was unclear, the NYT report said.

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 Mr Kushner.