berg80
Diamond Member
- Oct 28, 2017
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- #141
Six months after leaving the White House, Jared Kushner secured a $2 billion investment from a fund led by the Saudi crown prince, a close ally during the Trump administration, despite objections from the fund’s advisers about the merits of the deal.We need an accounting of what happened to the billions Jared got from SA and what they expected. I’d like to see HIS laptop.
#FREEHUNTER
A panel that screens investments for the main Saudi sovereign wealth fund cited concerns about the proposed deal with Mr. Kushner’s newly formed private equity firm, Affinity Partners, previously undisclosed documents show.
Those objections included: “the inexperience of the Affinity Fund management”; the possibility that the kingdom would be responsible for “the bulk of the investment and risk”; due diligence on the fledgling firm’s operations that found them “unsatisfactory in all aspects”; a proposed asset management fee that “seems excessive”; and “public relations risks” from Mr. Kushner’s prior role as a senior adviser to his father-in-law, former President Donald J. Trump, according to minutes of the panel’s meeting last June 30.
Before Giving Billions to Jared Kushner, Saudi Investment Fund Had Big Doubts (Published 2022)
Before committing $2 billion to Mr. Kushner’s fledgling firm, officials at a fund led by the Saudi crown prince questioned taking such a big risk.
www.nytimes.com