Jared Kushner, who is married to Ivanka Trump, is reportedly trying to get $5 billion in funding for his private equity company while working as a diplomatic advisor to his father-in-law, President Donald Trump.
Kushner has been involved in peace talks around the world.
In February 2026, President Trump made Kushner the unofficial “special peace envoy” of the administration.
Now, as one of the government’s negotiators in the Middle East, Kushner is trying to raise money for his private equity firm, Affinity Partners, from governments in the region, according to The New York Times.
The outlet talked to five people who know about these business dealings, and they all said Kushner has been meeting with investors to get at least $5 billion for his firm.
Kushner and his team are reportedly speaking with Saudi Arabia’s Public Investment Fund (PIF) about getting “first look” rights.
Axios confirmed these reports after checking with The New York Times. The PIF is led by Crown Prince Mohammed bin Salman and is the country’s main wealth fund, mostly funded by oil revenues.
The Trump administration has developed close ties with bin Salman.
In November 2025, when asked by ABC News about a Washington Post columnist who was killed inside the Saudi consulate in Istanbul in 2018, President Trump defended bin Salman.
“You’re mentioning somebody that was extremely controversial,” Trump said.
“A lot of people didn’t like that gentleman [Khashoggi] that you’re talking about. Whether you like him or didn’t like him, things happen, but he [bin Salman] knew nothing about it. And we can leave it at that. You don’t have to embarrass our guests by asking a question like that.”
The PIF already invested $2 billion in Kushner’s firm during the first Trump administration.
At that time, there were rumors that PIF’s investment team had advised against the deal, but bin Salman overruled their concerns.
The New York Times reported that these new financial efforts are blurring the line between public service and private profit-seeking.
In December 2024, Kushner told podcast host Patrick O’Shaughnessy that his firm had “preemptively” raised $1.5 billion from Qatar’s sovereign wealth fund “to avoid any conflicts” and to make sure Affinity would “not have to raise capital for the next four years.”
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