The Qatar Asset Management Company (QAMC) has
formed a strategic partnership with Barclays Natural Resource
Investment (BNRI).
The partnership, which could stand to benefit
Barclays’ HNW clients, will co-invest $250m in BNRI’s current and
future portfolio companies, of which a substantial amount will be
allocated to BNRI’s existing $2.1bn portfolio of companies.
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QAMC is a collaboration between Qatar
Financial Centre Authority (QFC Authority) and Qatar Investment
Authority (QIA), and BNRI is a global private equity business
division of Barclays.
BNRI managing director and head, Mark Brown,
will work in Doha to add local and international talent as its
growth strategy unfolds, the bank said.
QFC authority’s acting CEO, Shashank
Srivastava said, “Asset management is fundamental to the QFC
Authority’s strategy for helping the growth of Qatar’s financial
sector. With this ground-breaking announcement, BNRI joins a
growing list of international firms which recognise the attractions
of operating in Doha and of a QFC license.”
BNRI will continue to execute private equity
transactions in the natural resources sectors on a global basis and
co-investors will be invited to participate immediately upon
completion of each transaction, the bank said.
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