JPMorgan Chase & Co. is reportedly in discussions with Qatar Investment Authority (QIA) to establish a new investment partnership. According to a report from Bloomberg, the two entities are targeting a combined capital commitment of $20 billion for the venture.
The partnership would mark a significant collaboration between the major U.S. bank and the sovereign wealth fund of the State of Qatar. The report indicates that the partners are aiming to finalize the details of the deal in the coming weeks.
The specific structure of the investment vehicle and the sectors it will target have not been disclosed in the report.
