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Jared Kushner private equity firm was backed by Emirates, Qatar

March 31, 2023 at 8:30 pm

White House senior advisor Jared Kushner and Ivanka Trump arrive at the Global Center for Combating Extremist Ideology shortly before its inauguration in Riyadh on May 21, 2017.[MANDEL NGAN/AFP via Getty Images]

Wealth funds in the United Arab Emirates (UAE) and Qatar have invested hundreds of millions of dollars with former US President Donald Trump’s son-in-law, Jared Kushner’s private equity firm, the New York Times reported on Thursday.

According to the report, the Emiratis invested more than $200 million with Kushner’s Affinity Partners, while a Qatari entity also put in a similar sum, the newspaper said, citing people with knowledge of the transactions.

The investment from the UAE came through a sovereign wealth fund, but the Qatari investor’s identity was unclear, the NYT report said.

Last year, a US House of Representatives committee had said it was investigating the Saudi Arabian government’s $2 billion investment with a firm of Kushner.

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