Qatar Investment Authority and Goldman Sachs Asset Management have signed a memorandum of understanding to significantly expand their strategic partnership, with QIA targeting up to $25 billion in combined commitments across Goldman Sachs–managed funds and co-investment opportunities. 

The partnership spans a mix of existing and new private market strategies, as well as direct investments, with a focus on sectors aligned with QIA’s long-term priorities, including artificial intelligence, fintech, digital infrastructure, and private credit. 

“This agreement builds on our longstanding relationship with Goldman Sachs and provides QIA with premium deal flow in sectors critical to our investment strategy,” said Mohammed Saif Al-Sowaidi, CEO of QIA. 

As part of the expanded relationship, Goldman Sachs will meaningfully grow its headcount in Doha, with the office becoming the firm’s largest regional asset management hub. 

“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,” said David Solomon, chairman and CEO of Goldman Sachs. “This creates substantial opportunity to widen the state’s impact, global connectivity, and attractiveness as a multi-faceted investment partner.” 

In addition to asset management collaboration, Goldman Sachs will seek to provide strategic advisory support, including guidance on capital formation, mergers and acquisitions, and the continued development of Qatar’s economy and capital markets.