On March 31, 2023 Jared Kushner’s investment advisory firm A Fin Management LLC, aka Affinity Partners, filed an updated Form ADV and firm brochure with the U.S. Securities and Exchange Commission in which they reported:
As of December 31, 2022, Affinity managed $3,055,804,564.39 in assets under management on a discretionary basis.
Kushner’s Affinity Partners had previously reported $2,539,486,916 in assets under management. The recent update reflects an increase of approximately half a billion dollars in assets under management.
A March 30, 2023 story in the New York Times reported that the United Arab Emirates has invested over $200 million in Kushner’s Affinity Partners through a sovereign wealth fund and a Qatari entity has invested a similar sum. They note that:
Updated disclosures, which are expected to be filed by Friday, are likely to show that Affinity Partners now manages roughly $3 billion, according to a person familiar with the matter.
Kushner’s advisory firm A Fin Management/Affinity Partners has now published the filings showing more than $3 billion in assets under management.
Here are highlights of details on Kushner’s funds with links to sources and pdfs to view the filings in more detail.
A Fin Management aka Affinity Partners
Assets Under Management as of March 31, 2023
$3 billion+ from the Saudi Public Investment Fund, a United Arab Emirates sovereign wealth fund and a Qatari entity
A Fin Management LLC
Large advisory firm that manages two Affinity funds
Total regulatory assets under management
SEC file number 801-122021
Inc 18 Feb 2021, Florida
Cassidy Luna – Chairman
Lauren Key – officer
Branch of A Fin Management LLC Delaware
Located in Sunny Isles Beach, FL
Direct Owners and Executive Officers
- Jared Corey Kushner – Founder and Chief Executive Officer (owns 75% or more)
- John Noel Rader – Chief Operating Officer (owns less than 5%)
- Lauren Elise Key – Chief Financial Officer (owns less than 5%)
- Ian Joseph Brekke – Chief Compliance Officer (owns less than 5%)
- Chad Robert Mizelle – Chief Legal Officer (owns less than 5%)
Affinity Partners Parallel Fund I LP
invested from two clients
Affinity Partners Fund I LP
New filings as of March 31, 2023
A Fin Management Form ADV
A Fin Management Brochure
For related information, here is my piece from last year on Saudi Arabian funding of Donald Trump and Jared Kushner through the Public Investment Fund (PIF):