The Qatar Investment Authority has formalised a USD 20 billion strategic partnership with J.P. Morgan Asset Management (JPMAM), signing a memorandum of understanding to establish a collaboration spanning public and private markets in equities and credit.
The larger component is a USD 15 billion public equities mandate under which JPMAM will manage customised global equity portfolios on behalf of QIA. A separate USD 5 billion private markets initiative will provide senior financing to middle-market companies in the US, focused on the industrials, services, healthcare and technology sectors.
The deal comes months after QIA signed a comparable USD 25 billion agreement with Goldman Sachs, underscoring the sovereign fund's deepening ties with Wall Street. QIA has nearly USD 580 billion in assets under management.
Gulf Economist Staff Writer