QIA and J.P. Morgan Target $20bn Investment Partnership

QIA and J.P. Morgan Asset Management announced a $20 billion strategic partnership, including a $5 billion private markets initiative focused on senior financing for established U.S. middle market companies, highlighting continued Gulf sovereign allocation to private credit. The remaining $15 billion is a public equities mandate, under which J.P. Morgan Asset Management will manage customized global portfolios for QIA. The deal follows QIA's $25 billion partnership with Goldman Sachs in January, deepening ties between GCC capital and leading global asset managers.

Read the original article on: Bloomberg