Goldman Sachs, QIA Target $25 Billion Investment Partnership

Goldman Sachs Group Inc. and Qatar Investment Authority have agreed to expand their strategic partnership in a move that could see the sovereign wealth fund commit a total of $25 billion with the Wall Street bank’s asset management arm.

QIA plans to commit the capital to a range of existing and new private market strategies as an anchor investor, as well as direct investment opportunities, according to a statement on Tuesday. Goldman Sachs, which has over $625 billion in alternatives globally, also said it will meaningfully grow its headcount in Doha, with the office becoming a strategic hub and the largest regional office for asset management.