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Affinity Partners Sells Phoenix Financial Stake for $340 Million

By Drooid · Oct 2, 2026, 3:45 AM UTC · How we work

Summary

Story summary

Affinity Partners sold a quarter of Phoenix Financial for $340 million, retaining a 7.4% stake valued over $1 billion.
Jared Kushner’s firm holds the largest stake in Phoenix, a defense investor.
Phoenix’s top defense holdings include $265 million in Elbit Systems and $68 million in Next Vision.
Congressional committees are probing Kushner’s financial ties while he serves as a U.S. envoy in Gaza talks.

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Story summary

Affinity Partners sold a quarter of Phoenix Financial for $340 million, retaining a 7.4% stake valued over $1 billion.
Jared Kushner’s firm holds the largest stake in Phoenix, a defense investor.
Phoenix’s top defense holdings include $265 million in Elbit Systems and $68 million in Next Vision.
Congressional committees are probing Kushner’s financial ties while he serves as a U.S. envoy in Gaza talks.