Qatar Wealth Fund Invests in Goldman Alums’ Credit Firm 5C

Qatar’s $580 billion sovereign wealth fund is investing in a private credit firm run by former Goldman Sachs Group Inc. partners Tom Connolly and Michael Koester, according to people with knowledge with the matter.

The capital from Qatar Investment Authority will help 5C Investment Partners expand its direct lending business, said the people, asking not to be identified discussing confidential information. The initial investment is expected to be a few hundred million dollars.