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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsBefore Giving Billions to Jared Kushner, Saudi Investment Fund Had Big Doubts
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The New York Times
@nytimes
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 funds advisers about the merits of the deal. https://nyti.ms/37zskFM
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2:43 PM · Apr 10, 2022
The New York Times
@nytimes
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 funds advisers about the merits of the deal. https://nyti.ms/37zskFM
Image
2:43 PM · Apr 10, 2022
https://www.nytimes.com/2022/04/10/us/jared-kushner-saudi-investment-fund. html
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https://archive.ph/1djEU
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 funds advisers about the merits of the deal.
A panel that screens investments for the main Saudi sovereign wealth fund cited concerns about the proposed deal with Mr. Kushners 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 firms operations that found them unsatisfactory in all aspects; a proposed asset management fee that seems excessive; and public relations risks from Mr. Kushners prior role as a senior adviser to his father-in-law, former President Donald J. Trump, according to minutes of the panels meeting last June 30.
But days later the full board of the $620 billion Public Investment Fund led by Crown Prince Mohammed bin Salman, Saudi Arabias de facto ruler and a beneficiary of Mr. Kushners support when he worked as a White House adviser overruled the panel.
*snip*
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Before Giving Billions to Jared Kushner, Saudi Investment Fund Had Big Doubts (Original Post)
Nevilledog
Apr 2022
OP
LetMyPeopleVote
(145,427 posts)1. Jared is going to lose a ton of Saudi money
Jared is an idiot and his fund is going to fail
LetMyPeopleVote
(145,427 posts)2. This is a bad deal for the Saudis
Yo_Mama_Been_Loggin
(108,101 posts)3. But but but Hunter Biden