Phoenix Financial

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.1–2

Phoenix and Apollo announced capacity for up to $2 billion of global investments in September 2023. This is not a Gaza reconstruction award or a total already deployed.

Affinity Partners

Reported July disposal; retained 7.4% stake1

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, 3–4

Elbit Systems

Supplier holding cited in Garcia letter relying on CNN investigation5

Garcia’s October 2026 letter, citing CNN, names Elbit among military suppliers held through Phoenix. The chain is Affinity → Phoenix → supplier investments; this is not direct Kushner ownership of every supplier.5

Documented connections

Affinity Partners →Reported July disposal; retained 7.4% stake1

Affinity Partners →2024 purchase; Jan 2025 option approval; July 2026 partial sale: July issuer release: 25% of Affinity holding sold; 7.4% of Phoenix retained1

Elbit Systems →Supplier holding cited in Garcia letter relying on CNN investigation5

Additional source records

Israel / Phoenix. 2024 purchase; Jan 2025 option approval; July 2026 partial sale. Affinity buys public shares, then sells part to unnamed long-only investors. July issuer release: 25% of Affinity holding sold; 7.4% of Phoenix retained. Jefferies handled placing; buyers not named in release. Earlier dollar conversions differ by source/date; do not combine them. Voting rights reportedly capped at 5%.1

Sources and documents
  1. Affinity and Phoenix: July share disposal — Issuer release: 25% disposal, 7.4% retained, original investment return; About Affinity · 2026-07-27
  2. Apollo/Phoenix: investment partnership, September 5, 2023
  3. Senate Finance inquiry into Affinity fees
  4. Affinity assets and ownership filing reporting
  5. oversightdemocrats.house.gov

AI generated report by Explorvia.com.