Doha, Qatar: Qatar Investment Authority (QIA) and Goldman Sachs Asset Management signed a Memorandum of Understanding to expand their strategic partnership and enhance bilateral cooperation.
A statement from QIA said that it targets committing a combined total of $25 billion to funds managed by Goldman Sachs Asset Management and co-investment opportunities. QIA will support Goldman Sachs Asset Management across both existing business strengths and new business growth, as well as direct investment opportunities.
The expanded partnership will see QIA commit as an anchor investor in several of Goldman Sachs’ flagship and innovative strategies and will enhance cooperation between Goldman Sachs and the State of Qatar on numerous levels.
Goldman Sachs and its Value Accelerator network will provide resources to the State of Qatar to help achieve national development objectives, benefiting the broader financial ecosystem and fostering connectivity with regional and global partners.
Goldman Sachs will look to provide strategic advisory services and guidance on capital formation, M&A opportunities and the development of Qatar’s economy and capital markets, including by encouraging foreign direct investment opportunities and supporting the growth of key Qatari companies.
The statement added that clients access these solutions through direct strategies, customized partnerships, and open-architecture programs. Its centralized Value Accelerator platform of experienced operating advisors partners with portfolio companies to help build enduring businesses.
Commenting on the deal, CEO of QIA Mohammed Saif Al Sowaidi said: "QIA is pleased to partner with Goldman Sachs in this landmark agreement, which sees two institutions with aligned investment goals joining together to gain enhanced access to world-class investment opportunities for the years to come. This agreement builds on our longstanding relationship with Goldman Sachs and provides QIA with premium deal flow in sectors critical to our investment strategy, including AI, fintech, digital infrastructure and private credit."
"Importantly, this partnership extends beyond capital deployment. By committing to expand its presence in Doha as a key strategic hub for asset management, Goldman Sachs is reinforcing Doha’s position as a regional financial center. This commitment will deliver meaningful benefits to our economy through knowledge-transfer, job-creation and enhanced expertise in alternative investments. We look forward to working with the Goldman Sachs team to source and execute transformational investments that generate strong risk-adjusted returns for Qatar’s future generations," he added.
Meanwhile, Chairman and Chief Executive Officer of Goldman Sachs David Solomon said that Qatar was on an exciting path of economic diversification, including the expansion of its impressive ecosystem of national champions, the development of its capital markets and the growth of its talent base. He added that this creates substantial opportunity to widen the state’s impact, global connectivity, and attractiveness as a multi-faceted investment partner.
Goldman Sachs will draw on its global network and convening power to work with the State of Qatar on fostering increased dialogue and partnership between Gulf Cooperation Council countries and global partners, including Asia-Pacific countries.
Goldman Sachs is one of the leading investors in alternatives globally, with over $625 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate, infrastructure, sustainability, and hedge funds.
Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs. Its centralized Value Accelerator platform of experienced operating advisors partners with portfolio companies to help build enduring businesses.
