Kushner’s Affinity raises new capital from QIA and Lunate

Reuters

US investment firm Affinity Partners, founded by Jared Kushner, has secured an additional $1.5 billion from the Qatar Investment Authority (QIA) and Lunate, an Abu Dhabi-based alternative investment fund.

Talks about raising additional capital began in February and concluded before the US election, Bloomberg reported, quoting Kushner on a podcast episode of Invest Like The Best with Patrick O’Shaughnessy.

“We pre-emptively tried to avoid any conflicts, so we don’t have to raise capital for the next four years.”

He said that Affinity’s investors agreed to the extended commitments “irrespective of the outcome”, referencing his father-in-law, US President-elect Donald Trump.

“I made very clear to them that in the event that Trump was elected, they should not expect anything from me,” Kushner said.

Affinity’s assets under management increased to $4.6 billion following QIA and Lunate’s investment.

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Affinity has invested in Dubai-based Dubizzle Group and Brazilian fast-food operator Zamp SA, the report said.

Kushner said the company has a robust deal pipeline and will follow all laws and rules in coming years, including during Trump’s upcoming presidential tenure, which begins in January.

Saudi’s Public Investment Fund, QIA and Lunate are Affinity’s three largest limited partners.