Jared Kushner’s private equity firm faces inquiry as it fails to return profits

Trump son-in-law's Affinity Partners fuels Senate suspicions of foreign influence-buying before US election

A private equity firm owned by Jared Kushner, Donald Trump's son-in-law, has been paid $157m in fees since 2021 without returning any profit to investors, according to a US Senate inquiry.

The finding from the Senate finance committee has fuelled suspicions that the Miami-based company, Affinity Partners, may be a foreign influence-buying operation established in anticipation of the former president returning to the White House.