HISTORIC: In The Wall Street Journal report those familiar with the Saudi Public Investment Fund said thus far, two Israeli firms have been chosen to be invested in and that this is the first known instance of money from the fund being directed to Israel.
A new private-equity fund run by Jared Kushner intends to invest millions of dollars raised from Saudi Arabia in Israeli start-ups, according to a report by The Wall Street Journal.
The fund, Affinity Partners, has already raised over $3 billion, including a $2 billion commitment from Saudi Arabia’s sovereign-wealth fund. Continue Reading »