Qatar Investment Authority and JPMorgan Asset Management announced that they had signed a memorandum of understanding to launch a $20 billion strategic partnership targeting investment in public and private markets and leveraging the investment capabilities of both parties.
$15 billion global equity portfolio
The first phase of the partnership will be divided into two tracks. Under the first, JPMorgan Asset Management will manage $15 billion in global equity portfolios dedicated to Qatar Investment Authority, with the aim of supporting the authority’s long-term investment objectives.
The portfolios will draw on JPMorgan’s active equity management capabilities, global investment platform and research resources.
$5 billion to support U.S. middle-market companies
The second track includes a $5 billion initiative to invest in private markets, with a focus on providing financing to middle-market companies in the United States across the industrial, services, healthcare and technology sectors.
Qatar Investment Authority and JPMorgan Asset Management will provide the initial financing for these companies as part of the private-markets investment strategy.
Joint programs and tailored investment solutions
The partnership aims to combine Qatar Investment Authority’s long-term investment perspective with JPMorgan Asset Management’s expertise, strengthening both parties’ ability to capitalize on global investment opportunities and generate sustainable long-term returns.
Qatar Investment Authority Chief Executive Mohammed Saif Al-Suwaidi said the partnership represented a step toward exploring new investment opportunities for both parties and generating long-term value through joint programs and the exchange of ideas.
Mary Callahan Erdoes, chief executive of JPMorgan Asset and Wealth Management, said the company would support Qatar Investment Authority’s institutional role and provide tailored investment solutions.
