Saudi Public Investment Fund

Saudi state investment fund; the Senate’s 2024 inquiry described $2bn committed to Affinity and a 1.25% annual management-fee rate.1

Affinity Partners

$2bn commitment and historical fee terms described by Senate investigators1

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

Mohammed bin Salman

Chaired PIF board that approved investment despite advisers’ objections4–5

Saudi crown prince and chair of the PIF board that approved Affinity’s $2 billion investment commitment, according to the reporting retained in the portfolio.4–5

Documented connections

Affinity Partners →$2bn commitment and historical fee terms described by Senate investigators1

Affinity Partners →2021 commitment; 2024 fee inquiry: $2bn commitment; 1.25% annual fee1

Mohammed bin Salman →Chaired PIF board that approved investment despite advisers’ objections4–5

Additional source records

Saudi Arabia / PIF. 2021 commitment; 2024 fee inquiry. PIF → Affinity-managed funds. $2bn commitment; 1.25% annual fee. Investor, not a purchase of Kushner personally. Historical fundraising visit retained separately.1

Sources and documents
  1. Senate Finance: Affinity fee investigation — Fee terms and distributions as of July 2024 · 2024-09-25
  2. Affinity Phoenix stake sale and firm assets
  3. Affinity assets and ownership filing reporting
  4. www.newyorker.com
  5. www.reuters.com

AI generated report by Explorvia.com.