Chimera to launch $50bn alternatives investment firm

Abu Dhabi-based asset manager Chimera Investment has announced the launch of one of the biggest alternative investment firms in the region.

The new business, called Lunate, will begin operating later this year with more than US$50 billion in assets under management.

Based in the Abu Dhabi Global Market, it will operate as an independent entity owned by senior management from both Lunate and Chimera.

In terms of investment strategy, the firm will have a focus on private market investments including private equity, venture capital, real assets and private credit.

Lunate will have three managing partners – Khailfa Al Suwaidi, CEO of Abu Dhabi Growth Fund, Murtaza Hussain, chief investment officer of ADQ’s alternatives arm, and Chimera CRO Seif Fikry.

“After many months of hard work, we are delighted to be launching Lunate as an independent, commercial enterprise that is ideally placed to become a leading global alternative investment manager,” said Al Suwwaidi.

The launch of Lunate comes at a time when an increasing number of US and international hedge funds and other players in the alternatives space have looked to expand their interests in the Mena market.

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