It would appear that it wasn’t Jared Kushner’s investing prowess that got Saudi Arabia’s sovereign wealth fund to invest $2 billion in his private equity firm. Read the latest from besslevin.
had paid off, literally, when the country’s sovereign wealth fund gave him $2 billion for his newly formed private equity firm, Affinity Partners.
Why else do we suspect the $2 billion was more of a reward than it was about Kushner being an actually worthwhile investment? In addition to the due diligence panel’s reservations, there’s also the matter of Affinity’s pitch deck, which was recentlyby The Intercept. The pitch deck manages to simultaneously demonstrate almost no investment expertise or thesis while brazenly suggesting would-be investors would benefit from the firm’s influence peddling after writing Jared a check.
Not surprisingly, a source told The Intercept that numerous investors approached by Affinity were not impressed by the pitch and were shocked at “how cavalierly it seemed to suggest influence peddling.” These investors reportedly said, as the source recalled, “they’d never seen such a joke of a deck, openly talking about ‘networking’ and ‘networks’—i.e., our corrupt insider contacts. ...They’re bragging about ‘networks,’ they’re using cliches, with no serious investment discussion.
A spokesperson for Kushner insisted that there was nothing inappropriate about the deck, telling The Intercept: “Jared was very successful in the private sector before he entered government, achieved great success in government, and many are confident he will enjoy continued success in his new venture. Jared’s track record in government was unprecedented. His leadership and efforts led to the historic Abraham Accords, the [U.S.
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