Affinity Partners grows assets to $4.8 billion with Middle East funding

Investing.com -- Affinity Partners, the asset management firm run by Jared Kushner, has seen its assets under management (AUM) swell to $4.8 billion, a significant increase from the $3 billion reported in 2024. This growth has been fueled by new investment from the Middle East and strong investment performance, as revealed in a recent regulatory filing.

The company received substantial commitments from Abu Dhabi-based asset manager Lunate and the Qatar Investment Authority. These contributions accounted for $1.5 billion of the increase, as reported in a filing with the US Securities and Exchange Commission on Thursday.

In addition to the new funding, Affinity Partners also realized $287 million in gains from its investments. These profits, which came after the deduction of fees, were derived from investments in companies such as EGYM, Phoenix Financial Ltd., and QXO Inc., according to an individual familiar with the situation.

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