Qatar's QIA and Goldman Sachs target $25bn investment goal

Qatar Investment Authority (QIA) and the Goldman Sachs Group have agreed to expand their partnership in which the Gulf country's sovereign wealth fund will commit a total of $25 billion to the bank's asset management arm, they said in a statement on Tuesday.

As part of the agreement, QIA said it would partner with Goldman Sachs Asset Management on a range of new private market strategies and direct investment opportunities.

The partnership will also have QIA commit as an anchor investor to numerous “flagship and innovative strategies” for Goldman Sachs, the joint statement said.

Read the original article in The National: Qatar's QIA and Goldman Sachs target $25bn investment goal