Affinity Partners
Also known as: A Fin Management LLC
Summary
Jared Kushner's private equity firm managing $6.16B in sovereign wealth, primarily from Saudi Arabia and Qatar.
Definition
Affinity Partners (A Fin Management LLC) is a private equity firm founded and 100% owned by Jared Kushner, with 75%+ beneficial ownership. It manages $6,160,297,411 in assets (March 2026), primarily from sovereign wealth funds: Saudi Arabia PIF ($2B, June 2021), Qatar QIA/Lunate ($1.5B, late 2024), and Terry Gou/Foxconn (undisclosed). Annual management fees total $157.5M. Israeli acquisitions include Phoenix Financial, Shlomo Group (15%), and Israel Shipyards. A 5-year withdrawal clause expires August 2026.
Background & History
Affinity Partners (A Fin Management LLC) is a private equity firm founded by Jared Kushner, son-in-law of former President Donald Trump, shortly after the end of the Trump administration in 2021. Kushner, who had no prior private equity experience, established the firm with 100% ownership and 75%+ beneficial ownership. The firm's founding coincided with the Abraham Accords normalization agreements that Kushner helped broker during his tenure as Senior Advisor to the President, which opened Gulf state sovereign wealth investment channels.
Operational Role in the Network
Affinity Partners functions as a sovereign wealth management vehicle, managing $6,160,297,411 in assets primarily from Gulf state sovereign wealth funds: Saudi Arabia's Public Investment Fund (PIF) committed $2 billion in June 2021, Qatar's QIA/Lunate committed $1.5 billion in late 2024, and Terry Gou/Foxconn contributed an undisclosed amount. The firm charges a 1.25% annual management fee, generating approximately $77 million in annual fee income from the Saudi commitment alone. Israeli acquisitions include Phoenix Financial, Shlomo Group (15% stake), and Israel Shipyards, creating a strategic investment bridge between Gulf sovereign capital and Israeli strategic assets. A 5-year withdrawal clause expires August 2026.
Documented Actions & Evidence
Saudi Arabia PIF $2B commitment
Saudi Arabia's Public Investment Fund (PIF) committed $2 billion to Affinity Partners approximately six months after the end of the Trump administration, despite the firm having no prior track record. The commitment was approved by a PIF panel that raised concerns about the firm's lack of experience.
Source ↗Qatar QIA/Lunate $1.5B commitment
Qatar's QIA and Lunate committed $1.5 billion to Affinity Partners, expanding the firm's Gulf sovereign wealth base.
Source ↗Israeli strategic asset acquisitions
Affinity Partners acquired stakes in Phoenix Financial, Shlomo Group (15%), and Israel Shipyards, creating a strategic investment bridge between Gulf sovereign capital and Israeli strategic infrastructure assets.
Source ↗Financial Data
- Founded
- 2021
100% owned by Jared Kushner with 75%+ beneficial ownership; 5-year withdrawal clause expires August 2026
Legal & Regulatory Status
Affinity Partners operates as a registered investment adviser with the SEC. The firm's receipt of $2 billion from Saudi Arabia's PIF within months of the Trump administration's end has drawn scrutiny from ethics watchdogs, though no formal investigation has been launched. The 5-year lockup period on the Saudi commitment expires August 2026, after which PIF may withdraw its capital.
Timeline
Founded by Jared Kushner after the end of the Trump administration
Saudi Arabia PIF commits $2 billion
Qatar QIA/Lunate commits $1.5 billion
Total AUM reaches $6,160,297,411
5-year withdrawal clause on Saudi commitment expires
Aliases & Alternative Names
PDF Source Verification
Direct page-level links to primary source documents referencing this term:
Primary Sources
Referenced In
This entity is discussed in the following investigation pages: