The unseemly relationship between Jared "Mr. Ivanka Trump" Kushner and the corrupt and murderous Saudi Crown Prince Mohammed bin "Bone Saw" Salman apparently was lubricated with some major money from Saudi Arabia's sovereign wealth Public Investment Fund. We are not surprised, except perhaps that the Saudi Crown Prince was foolish enough to put $2 billion into Kushner's new Affinity Partners private equity firm over the objections of the Saudi Fund's advisors six months after Kushner left the White House:
"A panel that screens investments for the main Saudi sovereign wealth fund cited concerns about the proposed deal with Mr. Kushner’s 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 firm’s operations that found them “unsatisfactory in all aspects”; a proposed asset management fee that “seems excessive”; and “public relations risks” from Mr. Kushner’s prior role as a senior adviser to his father-in-law, former President Donald J. Trump, according to minutes of the panel’s 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 Arabia’s de facto ruler and a beneficiary of Mr. Kushner’s support when he worked as a White House adviser — overruled the panel." (our emphasis)
The Saudis were obviously aware of Kushner's financial problems with his real estate holdings, due to his inept real estate asset management, so what better way to ensure the loyalty of an in-law of the Malignant Loser than to feather his nest? It was also a "thank you" to him for his support inside the White House of Bone Saw after he ordered the killing and dismemberment of journalist Jamal Khashhoggi, and leverage should the Malignant Loser end up back in power.
In recent filings with the Securities and Exchange Commission, Affinity Partners indicated it had $2.5 billion under management, much less than the $7 billion it had hoped to raise, meaning the Saudis' money represents the bulk of its holdings. Bone Saw once was reported to have bragged that he had Kushner "in his pocket." Those pockets are even deeper now.
(photo: SPA)
