Will JPM's $20B QIA Partnership Strengthen Asset Management Business?
Source: Zacks ·
JPMorgan's $20B QIA partnership spans public and private markets, expanding asset management capabilities and creating scope for longer-term fee-based growth.
From the source
JPMorgan Chase & Co. JPM has announced a strategic partnership with Qatar Investment Authority (QIA), with both signing a Memorandum of Understanding to establish a $20 billion investment framework across public and private markets. The partnership includes a $15 billion public equities mandate and a $5 billion private markets initiative focused on established middle-market companies in the United States. The partnership provides JPMorgan Asset Management (JPMAM) with an opportunity to deepen its relationship with a major sovereign investor while expanding its institutional asset-management and private-market capabilities. It also aligns with JPMorgan's broader strategy of pursuing organic growth by leveraging its global investment platform, research capabilities and extensive client relationships. JPM Expands Public Equity and Private-Market Capabilities JPMAM will manage customized global equity portfolios for QIA under the $15 billion public equities mandate. JPMorgan will…