Conflicts of interest
Jared Kushner's Affinity Partners reportedly raised about $5B from Gulf investors while he took part in US-Iran diplomacy
Confidence: Corroborated · 3 sourcesUnited States · Sep 21, 2026
Subject of this story
Trump administration
Affinity Partners
Jared Kushner, Founder, Affinity Partners
What happened
The New Yorker reported, with wide pickup including The New Republic and TBS News, that Jared Kushner's Affinity Partners raised roughly $5 billion in new capital from Gulf investors (Saudi Arabia, UAE, Qatar) in 2025, growing the fund to over $6 billion, during the same period he was involved in US-Iran diplomatic negotiations. Ethics specialists and former government lawyers have raised conflict-of-interest concerns; the Trump administration has rejected suggestions that Kushner's business interests improperly influenced his diplomatic role.
Sources (3)
The New RepublicSummarizes original New Yorker reporting on the $5B fundraising during Iran diplomacy.
BloombergIndependent, earlier reporting on Gulf capital flowing into Affinity Partners, corroborating the broader pattern.
The Business StandardIndependent confirmation of the $5B figure and diplomatic-role overlap.
Response
Trump administration
Statement given
Contacted and responded — exact wording not on record.
Affinity Partners
No response by publication
Contacted — no response by publication.
Jared Kushner
No response by publication
Contacted — no response by publication.
What happened next (0)
No outcome recorded yet.