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Qatar pledges $100 mln to establish platform to recover distressed assets

Newsroom by Newsroom
July 4, 2022
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DOHA June 27 (Reuters) – The Qatar Financial Center (QFC) said on Monday that it has pledged $100 million to fund a new platform aimed at recovering distressed assets.

Atlas Merchant Capital, the private equity firm co-founded by former Barclays Plc chief Bob Diamond, will advise the new platform on strategy and the new vehicle will seek to coordinate with an investment firm focused on distressed assets, the QFC statement said.

However, QFC…



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