Saudis commit USD 2 billion to Jared Kushner’s Israel investment fund

Categories: Hi-Tech, Investment Funds

According to the Wall Street Journal, Jared Kushner has raised USD 2 billion from the Saudi sovereign wealth fund to invest in Israeli tech companies, with two unnamed tech companies targeted.The amount is part of a USD 3 billion private equity fund, Affinity Partners, set up to invest in Israeli companies.

The deal would mark the first known instance that Saudi Arabia’s Public Investment Fund has had investments in Israeli businesses, according to the report.

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