JPMorgan signs $20 billion partnership with QIA

Qatar Investment Authority and J.P. Morgan Asset Management signed a memorandum of understanding on September 21, 2026, to establish a $20 billion strategic partnership across public and private markets in equities and credit.

The agreement includes two primary initiatives. First, a $15 billion public equities mandate where J.P. Morgan Asset Management will run customized global equity portfolios for the sovereign wealth fund. Second, a $5 billion private markets program that will provide senior financing to established middle-market companies in the United States, targeting the industrials, services, healthcare, and technology sectors.

Mary Callahan Erdoes, CEO of J.P. Morgan Asset and Wealth Management, stated that the initiative leverages the firm's global platform across public and private markets to support QIA's institutional investments. Mohammed Saif Al-Sowaidi, CEO of QIA, noted that the collaboration will grant access to global equity and private credit platforms while generating long-term value.

As of June 30, 2026, J.P. Morgan Asset Management held $4.6 trillion in assets under management. Its parent group, JPMorgan Chase, reported $5.0 trillion in total assets and $375 billion in stockholders' equity as of that same date.