Qatar Unveils New Venture Capital Program
With a substantial commitment exceeding $1 billion, the Fund of Funds initiative aims to propel both local and international venture capital endeavors.
The Qatar Investment Authority (QIA) has introduced Qatar's first Venture Capital Fund of Funds.[1]
With a substantial commitment exceeding $1 billion, the Fund of Funds initiative aims to propel both local and international venture capital endeavors.
This program, aligned with QIA's objective of securing enduring returns for the nation, seeks to deliver competitive market-level profits while advancing Qatar's National Development Strategy (NDS3).
Central to its vision is the cultivation of strategic partnerships with leading international venture capital entities, enticing seasoned entrepreneurs, and fostering expertise in Qatar and the wider Gulf Cooperation Council (GCC) region. It will focus on vital sectors such as technology, including fintech and edtech, as well as healthcare.
Notably, the Fund of Funds program will channel investments primarily through established VC funds while also facilitating targeted co-investments to amplify its impact. Fund managers will be required to demonstrate a proven track record of success along with a steadfast commitment to contributing to Qatar's entrepreneurial ecosystem.