Doha-New York, May 11 (QNA) - Qatar Investment Authority (QIA) has announced a major expansion of its strategic partnership with global investment firm General Atlantic, including a $500 million commitment to the company's global growth equity investment strategies.

In a joint announcement issued in Doha and New York on Monday, QIA said the agreement deepens cooperation between the two institutions and reflects the sovereign wealth fund's strategy of strengthening long-term global partnerships and deploying capital across future growth opportunities.

The expanded partnership will also include collaboration on market research and investment analysis aimed at improving investment decision-making across multiple strategies.

According to the statement, the two organizations will additionally support portfolio companies seeking to expand into Middle East markets.

As part of the agreement, General Atlantic will provide professional development programs for QIA employees focused on knowledge transfer, innovation and leadership development, in line with Qatar's national development objectives.

Mohammed Saif Al Sowaidi, chief executive of QIA, said the partnership went beyond co-investment and focused on "building a culture of excellence" and equipping future investment leaders with the expertise needed for long-term success.

General Atlantic's chairman and chief executive William Ford said the firm was proud to deepen its relationship with one of the world's leading sovereign investors, adding that Qatar had developed a dynamic economy, a growing entrepreneurial ecosystem and globally minded talent.

General Atlantic has invested more than $3 billion in the Middle East since 2012 and expanded its regional presence in 2024 with the opening of offices in Riyadh and Abu Dhabi.

The company said Gulf countries remained among the world's most attractive regions for sustainable growth, driven by economic diversification policies, evolving capital markets and rapidly developing entrepreneurship ecosystems. (QNA)