Kushner’s Family Business Received Loans After White House Meetings
Early last year, a private equity billionaire started paying regular visits to the White House.
Joshua Harris, a founder of Apollo Global Management, was advising Trump administration officials on infrastructure policy. During that period, he met on multiple occasions with Jared Kushner, President Trump’s son-in-law and senior adviser, said three people familiar with the meetings. Among other things, the two men discussed a possible White House job for Mr. Harris.
The job never materialized, but in November, Apollo lent $184 million to Mr. Kushner’s family real estate firm, Kushner Companies. The loan was to refinance the mortgage on a Chicago skyscraper.
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Apollo, best known for investing in companies such as Caesars Entertainment and Norwegian Cruise Lines, was founded by Mr. Harris, Marc Rowan and its current chief executive, Leon Black. Mr. Black and Mr. Kushner sat next to each other at the 2016 US Open, a few months before the presidential election.
Mr. Harris, a co-owner of the Philadelphia 76ers and the New Jersey Devils, is Apollo’s senior managing director. He also is an adviser to the Federal Reserve Bank of New York.
Early last year, the White House enlisted Mr. Harris and other executives to advise the administration on infrastructure policy. Over a period of months, Mr. Harris met regularly with Mr. Kushner and other White House officials.
Apollo made the loan to Kushner Companies on Nov. 1, 2017, according to public records.
https://www.nytimes.com/2018/02/28/busi ... loans.html