Affinity Partners
Jared Kushner’s investment manager reported more than $6 billion in assets under management in July 2026. Managed investor capital is distinct from fees or Kushner’s personal wealth.1–3
The July 27, 2026 release reports selling 25% of Affinity’s Phoenix shares and retaining 7.4% of Phoenix.
The company said the sale would return original investor capital; the 2024 no-returns observation must be read as historical.
Jared Kushner
Founder and CEO1
Jared Kushner founded Affinity Partners and is Donald Trump’s son-in-law. Official White House captions document his participation in September 2026 diplomatic meetings while Affinity remained active.1–6
Saudi Public Investment Fund
$2bn commitment and historical fee terms described by Senate investigators2
Saudi state investment fund; the Senate’s 2024 inquiry described $2bn committed to Affinity and a 1.25% annual management-fee rate.2
Phoenix Financial
Reported July disposal; retained 7.4% stake1
Affinity reported selling one quarter of its Phoenix shares in July 2026 and retaining 7.4% of Phoenix. The issuer says proceeds enable return of the original investment to limited partners.1, 7
Capital, revenue and investment results (5 rows)
| Item | Measure |
|---|---|
| Saudi PIF commitment | $2 billion — Affinity-managed funds; Senate report, September 2024 |
| Saudi fees collected by September 2024 | $87 million — Affinity firm revenue, reported by Senate investigators |
| All foreign-client fees by September 2024 | Up to $157 million — Affinity revenue; includes the $87 million Saudi component |
| Contractual Saudi annual fee | 1.25% — On $2 billion committed capital; about $25 million/year by arithmetic, not verified annual receipts |
| Additional Qatar / Lunate capital in 2024 | $1.5 billion combined — Managed capital; separate investor allocations not stated in the cited report |
Documented connections
Jared Kushner →Founder and CEO1
Saudi Public Investment Fund →$2bn commitment and historical fee terms described by Senate investigators2
Phoenix Financial →Reported July disposal; retained 7.4% stake1
Electronic Arts acquisition →Member of acquiring consortium; acquisition completed8
Playlist / EGYM →Led new-equity round for completed merger9
Qatar Investment Authority →Investor; part of combined $1.5bn additional 2024 capital3
Lunate — Affinity investor →Investor; part of the same combined 2024 capital round3
A Fin Management LLC →Investment adviser behind Affinity Partners3
Saudi Public Investment Fund →2021 commitment; 2024 fee inquiry: $2bn commitment; 1.25% annual fee2
Qatar / UAE capital commitments →2024 capital; reported March 2025: $1.5bn combined additional capital3
Phoenix Financial →2024 purchase; Jan 2025 option approval; July 2026 partial sale: July issuer release: 25% of Affinity holding sold; 7.4% of Phoenix retained1
Shlomo automotive and credit →Reported acquisition in 2025: $110m; 15% reported10
OakNorth →Agreement reported Aug 15, 2025: 8%; price undisclosed11
Electronic Arts acquisition →Agreement Sep 29, 2025; issuer says closed Aug 4, 2026: $55bn enterprise value; $210/share12
Electronic Arts completion and ownership →Aug 4, 2026 issuer release; Sep 2025 Reuters ownership reporting: Reuters initially reported Affinity would own 5%8
Ivanka Trump — Albania resort project →Projects active/disputed in 2025–26: Sazan and coastal projects; reported valuations cover different project scopes13
Belgrade redevelopment →99-year lease in 2024; withdrawal reported Dec 2025: Hotel, apartments, shops and offices; former army HQ14
Warner Bros bid →Dec 2025 bid; subsequent withdrawal reported: $108bn was total bid, not Affinity investment15
Mosaic solar finance →Pre-second-term investment; present status unresolved: Politico reported >$100m and >10% in 202416
2026 fundraising claim →March reporting; October response: Reported $5bn target; disputed characterization as money raised17
Qatar Investment Authority →Part of combined $1.5 billion additional QIA/Lunate capital in 20243
Lunate — Affinity investor →Part of combined $1.5 billion additional QIA/Lunate capital in 20243
Additional source records
Kushner established Affinity after leaving government. He is sole owner of A Fin Management LLC, its investment adviser. Saudi, Qatari and UAE capital commitments and fees are recorded separately from personal wealth.2–3, 18
Sources and documents
- Affinity Phoenix stake sale and firm assets
- Senate Finance inquiry into Affinity fees
- Affinity assets and ownership filing reporting
- House Judiciary minority: Kushner inquiry — Investigation announcement; allegations attributed to the committee minority · 2026-04-17
- US envoys visit Russia and Ukraine
- White House: founding executive board, January 16, 2026
- Apollo/Phoenix: investment partnership, September 5, 2023
- Electronic Arts: acquisition completed — Consortium, completion and $210 cash consideration · 2026-08-04
- Playlist and EGYM: merger completed — First two release paragraphs: closing, equity round and enterprise value · 2026-03-31
- www.calcalistech.com
- www.reuters.com
- news.ea.com
- www.reuters.com
- www.reuters.com
- www.reuters.com
- www.politico.com
- jaredkushner.com
- www.reuters.com
AI generated report by Explorvia.com.