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"I've never seen anything like it": Economic analyst stunned at sources of Jared Kushner's funds (www.salon.com)

submitted 1 year ago by MrPhibb@reddthat.com to c/usa@lemmy.ml

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[–] hemmes@sh.itjust.works 10 points 1 year ago

"I've never seen somebody get two-thirds of their money from a single investor

"It is normal to invest this money over a period of several years, so I don't think we can draw a firm conclusion yet. But, again, we're going back to a guy who's a real estate guy, and frankly, not a particularly good one at that, who's suddenly got $3 billion trying to do private equity deals competing against people who've been in this business for a long time. And I wouldn't, if I were the Saudis, count on making a lot of money from this any time soon," he said, adding: "U.S. private equity firms still raise the vast bulk of their money from U.S. investors. This is extraordinary — unprecedented — I've never seen anything like it."

“Unprecedented” is definitely a running theme with this circle of players.