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Affinity Partners investments and foreign account Allegatons

Updated 2 times since CLSTR started tracking revisions of this situation.

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2026-10-07 13:39 UTC → 2026-10-26 04:24 UTC · added removed

Affinity Partners investments in Israeli defense sector and foreign account Allegatons

Jared Kushner’s private equity firm, Affinity Partners, has established significant financial ties to the Israeli defense sector through its stake in Phoenix Financial, a Tel Aviv-based investment group. Phoenix Financial’s portfolio includes hundreds of millions of dollars in companies supplying the Israeli military, such as Elbit Systems, NextVision, and Israel Shipyards. Reports indicate that Affinity Partners increased its stake in Phoenix Financial in early 2025. The firm later sold a portion of its holdings in July 2026 for over $340 million, representing a substantial return on investment. Critics have raised concerns regarding potential conflicts of interest between these business activities and Kushner’s diplomatic roles. Kushner has characterized claims of a conflict of interest as ‘deeply misleading,’ stating that his investments predated any potential return to public service and that he holds no decision-making role in the Israeli firm’s operations. A White House spokesperson has maintained that Kushner’s personal business activities remain separate from his diplomatic engagements. In October 2026, U.S. Representative Robert Garcia of the House Oversight Committee launched an investigation into Kushner’s Middle Eastern business dealings. The inquiry follows reports that Phoenix Financial holds investments exceeding $456 million in at least nine companies providing weapons and military equipment to the Israeli army. Garcia is seeking information to determine if Kushner’s private financial gains, specifically regarding his previous diplomatic role in Gaza, constitute a conflict of interest. Kushner’s legal counsel Concurrently, investigative journalist Matthew Cole’s upcoming book, ‘Princes and Thieves’, has denied leveled further allegations against Kushner. The book claims that Dutch military intelligence (MIVD) discovered Kushner had access to more than $2 billion in undisclosed foreign bank accounts during his tenure as a senior White House adviser. The report alleges these funds, sourced from Saudi Arabia and the allegations, maintaining he United Arab Emirates, were used to finance ‘off-the-books diplomatic objectives’ and to buy influence within the U.S. government. Kushner has vehemently denied these claims, calling them ‘completely insane’ and ‘outrageous fabrications,’ with his legal team maintaining there is no involvement in or influence over Phoenix Financial’s investment decisions. verifiable documentation to substantiate the allegations.

Versions

  1. 2026-10-26 04:24 UTC Affinity Partners investments and foreign account Allegatons
  2. 2026-10-07 13:39 UTC Affinity Partners investments in Israeli defense sector
  3. 2026-10-05 07:36 UTC Affinity Partners investments in Israeli defense sector

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