Blue Owl deal cements Qatar fund’s $500bn commitment to US market
Blue Owl deal cements Qatar fund’s $500bn commitment to US market
The $524bn sovereign wealth fund recently committed $1bn in equity to a data centre joint venture with Blue Owl Capital. It also joined Anthropic’s $13bn funding round and backed Elon Musk’s xAI in a $10bn raise that valued the company at $200bn. QIA has additionally invested in Applied Intuition, Databricks, and Neuralink.
“The US is a top priority market for QIA and this year we have made a large commitment to significantly expand our US investments in strategic sectors,” said Mohammed Al Sowaidi, Chief Executive Officer of QIA. “We support around 300,000 jobs in the US through our investments and we expect this to increase exponentially as we grow our portfolio.”
Technology remains central to the fund’s US strategy, with as many as 25 deals expected to close by the end of next year. Healthcare, industrials, supply chains, infrastructure, and real estate are also priority sectors.
The investment push comes despite heightened regional tensions, with QIA maintaining that its financial strategy in the US will remain distinct from geopolitical volatility. Beyond the US, the fund has also invested $500m in Canadian copper miner Ivanhoe Mines and co-led a $1.4bn take-private of a Hong Kong-listed medical device company.
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