Jared Dear Boy and the 2 Billion Saudi "Investment"
Halifax2TheMax
Posts: 39,013
Sure, no quid pro quo and no influence, right? I mean POOTWH just approved an arms sale so the Saudi's could continue their war in Yemen, looked the other way when they murdered and dismembered WaPo reporter Khashoggi and withdrew the US from the Iran nuclear deal. Not to mention that Jared Dear Boy had to revise his security clearance 6 times, was an active and involved POOTWH Administration official and didn't publicly disclose one of his overseas trips to Saudi Arabia to kiss the ring.
$25,000,000 per year in fees for Jared Dear Boy's "investment" company before any actual returns and without any previous institutional investment experience.
But let's be concerned with Hunter Biden's laptop, right? Because there's nothing to see here.
$25,000,000 per year in fees for Jared Dear Boy's "investment" company before any actual returns and without any previous institutional investment experience.
But let's be concerned with Hunter Biden's laptop, right? Because there's nothing to see here.
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https://www.washingtonpost.com/opinions/2022/04/14/jared-kushner-deal-saudi-arabia-mohammed-bin-salman-collections-opmiddleeast/
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Jared Kushner's PE firm was backed by Emirates, Qatar - NYT
(Reuters) - Wealth funds in the United Arab Emirates (UAE) and Qatar have invested hundreds of millions of dollars with former U.S. President Donald Trump's son-in-law Jared Kushner's private equity firm, the New York Times reported on Thursday.
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.
Kushner, who was also a top adviser to Trump, formed the Miami-based Affinity Partners in 2021, Reuters had reported.
The investment from the UAE came through a sovereign wealth fund, but the Qatari investor's identity was unclear, the NYT report said.
Abu Dhabi Investment Authority, Mubadala, Emirates Investment Authority, Affinity Partners, and the Qatar and UAE embassies in Washington did not immediately respond to Reuters requests for comment.
Last year, a U.S. House of Representatives committee had said it was investigating the Saudi Arabian government's $2 billion investment with a firm of Kushner.
(Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Shilpi Majumdar)
Jared Kushner's PE firm was backed by Emirates, Qatar - NYT (msn.com)
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"Well, you tell him that I don't talk to suckas."
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Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
Washington, D.C. – On Tuesday, Senate Finance Committee Chair Ron Wyden, D-Ore., continued his investigation into Affinity Partners, the firm owned by Jared Kushner, son-in-law and former top advisor of ex-President Donald Trump, with a letterdetailing new findings on payments to Affinity from foreign governments and stating his concern that the firm represents a compensation scheme designed in part to skirt federal disclosure requirements.
Wyden wrote: “While I appreciate Affinity’s cooperation in this matter thus far, the information provided has heightened my concerns that investments in funds managed by Affinity create unprecedented conflicts of interest, and that Affinity’s investors may not be motivated by commercial considerations, but rather the opportunity to funnel foreign government money to members of President Trump’s family, namely Jared Kushner and Ivanka Trump.
“Affinity’s failure to deploy capital in a timely fashion while charging excessive fees has reinforced my view that Affinity is likely part of a compensation scheme involving U.S. political figures designed to circumvent the Foreign Agents Registration Act.”
The full text of the letter is available here. Key findings of Senator Wyden’s ongoing investigation include:
Affinity has pocketed as much as $157 million in fees from foreign clients, including $87 million from the Saudi government.
Affinity disclosed to committee investigators that the firm is charging its lead investor, the Saudi Public Investment Fund, a 1.25 percent annual fee on $2 billion in committed funds.
Affinity also disclosed that it is charging its other investors, including the yet undisclosed investor, a fee closer to 2 percent on committed funds.
Affinity’s fees structure is unusually high, given market trends and the relative inexperience of Kushner and the firm’s Trump-connected employees in the industry.
Affinity has generated no return on investment as of July 2024 and failed to deploy capital in a timely fashion.
Despite Affinity’s significant management fees, it deployed relatively little capital over a period of years.
Affinity disclosed that its funds have not generated any return on investment and have not distributed a penny of earnings back to clients. According to financial statements and other documents sent to clients, Affinity has marked “N/A” for “not applicable” in line items related to the fund’s annual rate of return.
Sovereign wealth fund investments and prospective real estate deals give foreign governments leverage over the Trump family.
Affinity indicated to the committee that government officials in Albania and Serbia approached the firm about potential partnerships in real estate deals. (Affinity did not disclose the identity of those Albanian and Serbian officials.) Affinity also confirmed that these foreign governments will have complete control over all decisions related to permitting, local taxation, and licenses necessary for the projects to move forward, giving them significant control over a lucrative Trump family investment.
Affinity confirmed that an upcoming Belgrade project, on the site of a former NATO bombing, will include a museum that has been described as a monument to “victims of NATO aggression.”
Affinity confirmed that its investors can renegotiate their investment agreements or withdraw all of their funds once their initial five-year investment period ends in August 2026, in the middle of a potential second Trump term in office. This would give foreign governments and entities unusual influence over the finances of the sitting president’s family, in the event he is elected, even beyond the influence they had and exercised in his first term.
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