Qatar Investment Authority (QIA) and J.P. Morgan Asset Management (JPMAM) signed a Memorandum of Understanding to establish a $20 billion strategic partnership spanning public and private markets, according to a press release from JPMorgan Chase (NYSE: JPM).

The partnership includes two components: a $15 billion public equities mandate under which JPMAM will manage customized global equity portfolios for QIA, and a $5 billion private markets initiative focused on providing senior financing to middle-market companies in the U.S. The private markets strategy will target sectors including industrials, services, healthcare, and technology.

Mohammed Saif Al-Sowaidi, CEO of QIA, said: "We are pleased to grow our partnership with J.P. Morgan Asset Management and gain access to one of the world's leading global equity and private credit platforms."

Mary Callahan Erdoes, CEO of J.P. Morgan Asset and Wealth Management, said: "It's a privilege to partner with QIA on this strategic initiative. By leveraging J.P. Morgan's global investment capabilities across public and private markets, we'll support QIA's role as a leader in global institutional investing and help deliver customized, high-quality solutions."

QIA is the sovereign wealth fund of the State of Qatar, founded in 2005. JPMAM reported $4.6 trillion in assets under management as of June 30, 2026.