Live: Jared Kushner’s Affinity Partners has raised an additional $1.5 billion in funding from the Qatar Investment Authority and Abu Dhabi-based asset manager Lunate, and extended the investment period of its first fund until 2029.

“We proactively tried to avoid any conflicts of interest so that we wouldn’t have to raise capital for the next four years,” Kushner said in an episode of the “Invest the Best Way” podcast with Patrick O’Shaughnessy, co-founder of venture capital firm Positive CM, which aired today, according to Bloomberg.

Kushner said he spoke to investors about potentially raising additional capital in February and closed the financing deal before the election, noting that investors were impressed that the Miami-based company, founded in 2021, took a gradual approach during the first two years, making it “easy for them to extend the investment period for two more years.”

Kushner said Affinity investors agreed to the extension and take on new liabilities “regardless of the outcome” of the US presidential election, which his father-in-law, Donald Trump, won last month.

“I made it very clear to them that if Trump is elected, they should not expect anything from me,” Kushner continued, noting that the company’s investors made their initial commitments in 2021, when Trump’s political future was unclear.

During Trump's first term in the White House, Kushner Jr. was a senior adviser and helped broker the Abraham Accords, bilateral agreements signed in 2020 between Israel and the UAE and Bahrain.

It is worth noting that his father, Charles Kushner, who was pardoned by Trump for federal charges during his first term, is a candidate to be the next US ambassador to France, according to what Trump announced last month.

Kushner hinted in today's podcast that he was aware of a letter written by Democratic lawmakers in October calling for an investigation into whether he was an unauthorized foreign agent of Saudi Arabia, whose Public Investment Fund is one of Affinity's investors.

“I think these efforts do not pose a risk,” Kushner said. “We comply with all laws and regulations and will continue to do so. There is nothing they have raised that should cause us concern.”

He added that Affinity operates a legitimate business and is regulated by the US Securities and Exchange Commission, noting that after the commission's first examination of Affinity, the company received a "no action required" letter, meaning that the commission did not find any issues during the examination process.

The additional $1.5 billion in funding from existing investors Qatar Investment Authority and Lunett brings Affinity’s assets under management to $4.6 billion.

The company has committed more than $2 billion of that total, and has made some investments that appear to be profitable so far.