Seeking Backers for New Fund, Jared Kushner Turns to Middle East
Seeking Backers for New Fund, Jared Kushner Turns to Middle East
Former President Donald J. Trump’s son-in-law is trying to raise capital for his investment firm and is turning to a region that he dealt with extensively while in the White House.
By Kate Kelly, David D. Kirkpatrick and Alan Rappeport at the New York Times
Nov. 26, 2021, 6:12 p.m. ET
https://www.nytimes.com/2021/11/26/us/politics/kushner-investment-middle-east.html
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As a White House adviser in the Trump administration, Jared Kushner took a special interest in the petroleum-rich monarchies of the Persian Gulf.
He formed a personal friendship with the brash young crown prince of Saudi Arabia. He helped forge ties between Israel and the United Arab Emirates, and backed Emirati rulers in a feud with Qatar. Since the electoral defeat of his father-in-law, former President Donald J. Trump, Mr. Kushner has stayed active in the region through a nonprofit organization he established.
Now, in a move that has raised eyebrows among diplomats, investors and ethics watchdogs, Mr. Kushner is trying to raise money from the Persian Gulf states for a new investment firm he has founded. So far, he is having only mixed success.
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But the Saudis are more interested, according to four people briefed on their continuing negotiations. The kingdom’s $450 billion Public Investment Fund is negotiating with Mr. Kushner over what could prove to be a sizable investment in his new firm, two of those people said.
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