Kushner’s Affinity Grows to $4.8 Billion on Gulf Money and Gains

Jared Kushner’s Affinity Partners’ assets under management grew to $4.8 billion from $3 billion in 2024, powered by new money from the Middle East and investment performance, according to a new filing.

Commitments from Abu Dhabi-based asset manager Lunate and the Qatar Investment Authority, which Bloomberg News reported on in December, drove $1.5 billion of the increase that was disclosed Thursday in a regulatory filing with the US Securities and Exchange Commission.

Another $287 million was the result of gains — including dividends and net of fees collected — from investments in companies including EGYM, Phoenix Financial Ltd. and ...