QFCA signs non-binding LOI with Atlas Merchant Capital – The Peninsula

QFCA signs non-binding LOI with Atlas Merchant Capital – The Peninsula

Doha: Qatar Financial Centre Authority (QFCA), the legal and tax arm of the Qatar Financial Centre (QFC), and Atlas Merchant Capital (Atlas), a global investment firm based in the US and Europe, have signed a non-binding Letter of Intent (LOI) that records their intention to collaborate on facilitating the establishment of a global investment platform (the Platform). The Platform’s objective will be to provide liquidity to financial institutions and credit markets for the resolution of distressed assets.

It is envisaged that Atlas will advise on the Platform’s strategy, and the Platform will partner with a leading investment firm focused on distressed assets.

The Platform expects to target the first close in 2022 and a final close in 2023, with a target of capital commitments totaling $1.5 billion.

The Platform intends to establish an office in Doha to serve as a regional hub focused on operations and investment strategies.