Qatar Investment Authority's Fund Of Funds Program Gets US$2 Billion Expansion

Qatar has increased its commitment to its sovereign wealth fund, Qatar Investment Authority’s (QIA) Fund of Funds program, after HE Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani, Prime Minister and Minister of Foreign Affairs, announced an additional US$2 billion in funding, bringing its total capital commitment to $3 billion. 

The announcement was made during Sheikh Mohammed’s opening address at Web Summit Qatar 2026. He also confirmed the addition of five new fund managers to the program, covering artificial intelligence (AI), fintech, blockchain technology, infrastructure, and special situations. 

In a statement, the Prime Minister said, “This year, we move from momentum to scale. To reinforce Qatar’s commitment to the global startup ecosystem, I am pleased to announce the expansion of the Fund of Funds—building on the Qatar Investment Authority’s initial US$1 billion program, which has already anchored 12 major VC funds in Doha. We are expanding the program by an additional $2 billion." 

Mohammed Saif Al-Sowaidi, CEO of QIA, commented, “Qatar’s position as an attractive investment destination for global capital is evidenced by the caliber of VC firms looking to bring expertise to promising local ventures. With an aggregate assets under management (AUM) of nearly $10 billion, the new funds joining the program will support our efforts to develop Qatar as a regional hub for VC expertise. While Doha represents the first international office for many of our funds, these managers are also encouraging their portfolio companies to establish their regional HQ here—further positioning Doha as a hub for entrepreneurs.” 

Following the latest expansion, the Fund of Funds program now supports 12 regional and international fund managers in Qatar. The newly added firms include Abu Dhabi-based Shorooq, a tech-focused, multi-strategy investment firm with activity spanning venture capital, credit, private equity, and real assets. It is joined by US-based venture capital firm Greycroft, founded in 2006, which manages more than $4 billion in assets and has completed over 400 investments across software, sustainability, and consumer sectors. Also joining is Ion Pacific, a structured secondaries and special-situations manager with approximately $700 million under management and offices in Los Angeles, New York, Zurich, Doha, and Hong Kong. 

The program has also added Liberty City Ventures, a venture capital fund and incubator with $2.4 billion in assets under management that focuses on blockchain technology across financial services, AI, data, and infrastructure. Abu Dhabi-based Shorooq, a tech-focused, multi-strategy investment firm, is joining with investment activity spanning venture capital, credit, private equity, and real assets. The fifth addition is Speedinvest, a European venture capital firm with more than €1.2 billion in assets under management and six offices across Europe, the Middle East, and Africa (EMEA), investing from pre-seed to growth stages. 

Separately, QIA and Qatar Development Bank announced a partnership to provide AI compute power to participating fund managers and startups. The compute resources will be supplied by Qatar’s new AI company Qai, which develops and invests in AI infrastructure and systems. Access will be available to Qatar-based startups and portfolio companies involved in the Fund of Funds program. 

QIA’s Fund of Funds program was launched at Web Summit Qatar 2024 and has so far committed more than $1 billion to regional and international venture capital firms. It aims to provide startups and entrepreneurs with access to capital, attract venture capital firms to Doha, and support the development of the local venture capital ecosystem in coordination with government and private sector entities. 

Pictured in the lead image is HE Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani, Prime Minister and Minister of Foreign Affairs, Qatar. Image courtesy Web Summit Qatar.