Jared Kushner’s Affinity Makes First Europe Investment (Correct)

Munich-based fitness technology company EGYM has become the first European company to receive investment from Affinity Partners, the private equity firm founded by Donald Trump’s son-in-law and former adviser, Jared Kushner.

Affinity was the primary backer in the company’s $225 million Series F funding round, EGYM’s Chief Executive Officer Philipp Roesch-Schlanderer said in an interview with Bloomberg News on Wednesday. The investment will help EGYM, which makes smart gym equipment and software, prepare for an initial public offering, he added.

Kushner established the Miami-based firm in 2021, with employees from both his father-in-law’s political office and private equity ...