The Saudi Arabian Public Investment Fund (PIF) is the largest investor in Jared Kushner’s private equity fund, Affinity Partners. PIF invested $2 billion in Affinity Partners in 2021, even though the PIF committee that screens investments recommended rejecting Kushner’s proposal, citing “inexperience” and “excessive” fees. The committee’s recommendation was overruled by MBS, who heads PIF’s Board of Directors.