Qatar Investment Authority and J.P. Morgan Asset Management signed a memorandum of understanding Monday to establish a $20 billion investment partnership spanning public and private markets.
The agreement has two components, the organizations said. The larger is a $15 billion public equities mandate under which J.P. Morgan Asset Management will manage customized global equity portfolios on behalf of Qatar Investment Authority. The second is a $5 billion private markets initiative through which the two will provide senior financing to middle-market companies in the U.S., with a focus on the industrials, services, healthcare, and technology sectors.
Mohammed Saif Al-Sowaidi, CEO of Qatar Investment Authority, said the collaboration would help unlock new opportunities for both organizations. “We are pleased to grow our partnership with J.P. Morgan Asset Management and gain access to one of the world’s leading global equity and private credit platforms,” he said in a statement.
Mary Callahan Erdoes, CEO of J.P. Morgan Asset and Wealth Management, said the firm would draw on its investment capabilities across public and private markets to deliver solutions for Qatar Investment Authority. “It’s a privilege to partner with QIA on this strategic initiative,” she said in a statement.
J.P. Morgan Asset Management had $4.6 trillion in assets under management as of June 30, 2026, the company said. Its parent, JPMorgan Chase, had $5.0 trillion in assets and $375 billion in stockholders’ equity as of the same date.
Qatar Investment Authority, founded in 2005 as Qatar’s sovereign wealth fund, has extended its ties with major Wall Street institutions in recent years. The fund received FCC approval last week to hold an indirect equity stake in Paramount Global as part of that company’s proposed merger with Warner Bros. Discovery. In that deal, Qatar Investment Authority joined Saudi Arabia’s Public Investment Fund and Abu Dhabi’s L’imad Holding Company in holding 49.5% of the combined entity’s equity, though the merger faces legal challenges and a trial is scheduled to begin March 2, 2027.
The partnership with JPMorgan follows a pattern of Qatar Investment Authority moving into financial and technology investments, according to the Wall Street Journal. The fund has signed a $25 billion tech partnership with Goldman Sachs and made a major investment in artificial intelligence company Anthropic, according to the Journal.
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