Kushner's Cadre Is in Talks With Saudi-Backed SoftBank Fund - Bloomberg:
"Cadre, a real estate technology startup co-founded and partly owned by White House senior adviser Jared Kushner, is discussing an investment of at least $100 million from a private fund that receives much of its capital from the governments of Saudi Arabia and the United Arab Emirates, according to people familiar with the discussions.
A top executive of Cadre, the people said, has met privately in recent months with representatives of the SoftBank Vision Fund, a technology investment vehicle that gets almost half of its $100 billion from the Saudi government’s Public Investment Fund. The United Arab Emirates has put at least $15 billion into the Vision Fund through its sovereign wealth fund as well.
Kushner doesn’t play an active role in Cadre’s operations, company officials say when asked about the president’s son-in-law. But he hasn’t divested his Cadre stake, valued at $5 million to $25 million on his most recent financial disclosure form. People close to Cadre -- whose founders include Jared’s younger brother, Josh, and his Harvard classmate, Ryan Williams -- said that neither Kushner had taken part in the recent funding discussions with SoftBank. It was SoftBank that approached Cadre, they added."
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