Qatar Investment Authority’s $500 Million Strategic Investment in SoFi


Shearman & Sterling advised Qatar Investment Authority in connection with an equity financing of more than $500 million in SoFi.

SoFi, an online personal finance company, plans to use the funds to continue to invest in its rapid rate of innovation and growth. The investment round values SoFi at $4.3 billion on a pre-money basis and further strengthens SoFi’s balance sheet to total capital of $2.3 billion.

Shearman & Sterling advised Qatar Investment Authority with a team including Michael Dorf (Picture), Michael Shulman, Arielle L. Katzman, Scott Lucas, Ryan Au, Adam Hattenburg, Timothy J. Byrne, Robert S. LaRussa, Ted Randolph, S. Lynn Diamond, Jenny Ding Jordan and Eli Kozminsky.

Involved fees earner: Ryan Au – Shearman & Sterling; Timothy Byrne – Shearman & Sterling; Lynn Diamond – Shearman & Sterling; Jenny Ding Jordan – Shearman & Sterling; Michael Dorf – Shearman & Sterling; Adam Hattenburg – Shearman & Sterling; Arielle Katzman – Shearman & Sterling; Eli Kozminsky – Shearman & Sterling; Robert LaRussa – Shearman & Sterling; Scott Lucas – Shearman & Sterling; Ted Randolph – Shearman & Sterling; Michael Shulman – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: Qatar Investment Authority;