Qatar Investment Authority (QIA) and Goldman Sachs Asset Management have signed a memorandum of understanding to expand their strategic partnership, with QIA targeting up to $25 billion in combined commitments across Goldman Sachs–managed funds and co-investment opportunities.
Under the MoU, QIA plans to act as an anchor investor in several of Goldman Sachs’ flagship and newer strategies, while also pursuing direct co-investments. QIA CEO Mohammed Saif Al Sowaidi said the agreement builds on a longstanding relationship and is intended to deliver enhanced access to “world-class” opportunities, citing priority sectors including AI, fintech, digital infrastructure, and private credit. He also emphasized that the partnership is designed to go beyond capital deployment, pointing to Goldman Sachs’ commitment to expand its Doha presence as a driver of knowledge transfer, job creation, and broader expertise in alternative investments.
Goldman Sachs CEO David Solomon framed the agreement as aligned with Qatar’s economic diversification agenda, including the expansion of national champions, deeper capital markets, and talent development. He said those trends create opportunities to broaden Qatar’s global connectivity and attractiveness as an investment partner.
As part of the expanded cooperation, Goldman Sachs plans to meaningfully increase headcount in Doha, positioning the office as a strategic hub and its largest regional asset management presence. The firm also outlined plans to support Qatar through its Value Accelerator network and to provide strategic guidance on capital formation, M&A opportunities, and capital markets development, including encouraging foreign direct investment and supporting the growth of key Qatari companies. Goldman Sachs also said it will leverage its global network to facilitate greater dialogue and partnership between GCC countries and global partners, including the Asia-Pacific region.
Goldman Sachs noted its alternatives platform manages over $625 billion across strategies spanning private equity, growth equity, private credit, real estate, infrastructure, sustainability, and hedge funds, with clients accessing these capabilities through direct strategies, customized partnerships, and open-architecture programs. The agreement remains subject to specific terms, conditions, and deliverables.
KEY QUOTES:
“QIA is pleased to partner with Goldman Sachs in this landmark agreement, which sees two institutions with aligned investment goals joining together to gain enhanced access to world-class investment opportunities for the years to come. This agreement builds on our longstanding relationship with Goldman Sachs and provides QIA with premium deal flow in sectors critical to our investment strategy, including AI, fintech, digital infrastructure and private credit. Importantly, this partnership extends beyond capital deployment. By committing to expand its presence in Doha as a key strategic hub for asset management, Goldman Sachs is reinforcing Doha’s position as a regional financial center. This commitment will deliver meaningful benefits to our economy through knowledge-transfer, job-creation and enhanced expertise in alternative investments. We look forward to working with the Goldman Sachs team to source and execute transformational investments that generate strong risk-adjusted returns for Qatar’s future generations.”
Mohammed Saif Al Sowaidi, CEO, Qatar Investment Authority
“Qatar is on an exciting path of economic diversification, including the expansion of its impressive ecosystem of national champions, the development of its capital markets and the growth of its talent base. This creates substantial opportunity to widen the state’s impact, global connectivity, and attractiveness as a multi-faceted investment partner.”
David Solomon, Chairman and Chief Executive Officer, Goldman Sachs
