Barclays' PE tie-up with Qatar eyes Asia assets
Qatar is partnering the UK bank on private equity opportunities, with Barclays putting investment staff in Doha. The QFC Authority says more seeding partnerships are pending.
A new collaboration between Qatar Asset Management Company (QAMC) and Barclays Natural Resource Investments (BNRI) will make private-equity purchases of energy and mining assets in Asia and elsewhere.
State-owned QAMC, set up by the Qatar Financial Centre Authority and sovereign wealth fund Qatar Investment Authority, will co-invest $250 million in BNRI’s current and future portfolio companies. The fund manager has not ruled out further capital injections in the future.
The deal…
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