Oxford Capital Partners, Qatar National Bank (QNB) and Ansbacher have joined forces to create Qatar Capital Partners, a venture capital business focused on developing technology within Qatar.
The consortium draws on the core expertise of each of the participants as a bid to act as fund manager for two Qatar Science & Technology Park (QSTP) venture capital funds. The joint venture will manage the QSTP New Enterprise Fund and the QSTP Technology Venture Fund, which will invest in science and technology companies based within QSTP.
Qatar Capital Partners was authorized by the Qatar Financial Centre Regulatory Authority to establish operations in the Qatar Financial Centre on March 29.
“Oxford Capital Partners has extensive international experience of identifying and investing in new science and technology companies, and views the current opportunity in Qatar as significant,” said Edward Mott, founder and chairman of Oxford Capital Partners. “All the shareholders of Qatar Capital Partners share the long term vision of the Qatar government and are committed to supporting investment in education, science and applied research in the growing knowledge economy. We are confident that Qatar Capital Partners can generate strong returns for the New Enterprise Fund and Technology Venture Fund whilst providing support and guidance for investee companies as they develop.”