QIA eyes $45B US investments

The Qatar Investment Authority (QIA) aims to raise investments in the United States to $45 billion in the next two years as it rebalances its portfolio of assets away from Europe, its chief executive said on Sunday.

The sovereign wealth fund has built up a huge European portfolio through stakes in companies including Deutsche Bank, Credit Suisse, London Stock Exchange and Volkswagen. The QIA currently has about $30 billion invested in the US, Mansour Ibrahim Al Mahmoud told reporters on the sidelines of a conference. “We are talking about $45 billion for the US market..we are on track for this over the next two years,” he said.