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Jared Kushner's New Equity Fund to Invest Saudi Money in Israel
(Wall Street Journal) Dion Nissenbaum - Former senior White House adviser Jared Kushner's new private-equity fund plans to invest millions of dollars of Saudi money in Israeli startups, in a sign of the kingdom's increasing willingness to do business with the country. Affinity Partners has raised more than $3 billion, including a $2 billion commitment from Saudi Arabia's sovereign-wealth fund. Prince Mohammed bin Salman, who oversees the Saudi fund's strategic decisions, would have had to approve any decision to invest directly in Israel. Kushner said he viewed his investment plans as an extension of his work in the White House in advancing ties between Israel and its Arab neighbors.