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Qatar’s sovereign wealth fund — along with investors led by billionaire Nelson Peltz’s Trian and General Catalyst — backed the $7.4 billion takeover of asset manager Janus Henderson. The deal is expected to close in mid-2026. Janus Henderson, with main hubs in Denver and London, manages about $485 billion.
Not content with simply putting money into foreign funds, Gulf sovereign investors have increasingly looked to bet on some of the world’s biggest asset managers directly, or develop partnerships that allow them to deploy more capital into specific regions or asset classes. This year, QIA’s acquisition of a 10% stake in China Asset Management Co, the country’s second largest mutual fund company, was approved, and the fund also holds a stake in BlackRock, along with sovereign funds of Abu Dhabi, Kuwait, and Saudi Arabia.
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The latest deal caps a busy few months for QIA, which is expected to become increasingly active as Qatar’s North Field gas expansion begins production in 2026 and leaves the country with large budget surpluses to invest. In recent weeks, the fund has announced a $20 billion partnership with Brookfield to invest in artificial intelligence infrastructure in Qatar and select other countries, and committed $1 billion to Japanese private equity deals with ORIX, one of Japan’s biggest financial services firms.