Abu Dhabi’s Chimera has announced the launch of a $50bn alternative investment firm.
Lunate is a partner-led and independent global alternative investment manager, with more than $50bn of assets under management (AuM).
From launch it will be one of the largest asset managers in the MENA region.
Lunate in Abu Dhabi
The creation of Lunate follows a multi-party effort to establish an independent investment manager of scale and breadth, headquartered in Abu Dhabi and serving global markets.
With a focus on private markets, Lunate is an independent entity owned by Chimera Investment LLC and Lunate’s senior management.
Its mandate is focused solely on generating superior risk-adjusted returns for its clients and has been structured to provide private and public market multi-asset class investment solutions to institutional investors, pension funds, family offices and other investment firms.
Lunate, which will be based in Abu Dhabi Global Market, the leading international financial centre located in Al Maryah Island, Abu Dhabi, has signed long-term Separate Managed Accounts (SMAs) with multiple clients at the time of launch with commitments to manage their existing assets and deploy new capital.
Lunate will invest globally through a combination of Limited Partner (LP) commitments, co-investments and direct investments across private equity, venture capital, private credit, real assets, public equities, and public credit.
Lunate intends to expand globally with international offices in North America, Europe, and Asia.
Khalifa Al Suwaidi, Managing Partner at Lunate, said: “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.
“We sincerely appreciate the trust placed in us by our clients to manage their capital.
“With a steadfast commitment to generating best-in-class risk-adjusted returns and creating long-term value for our clients, we aspire to bolster Abu Dhabi’s position as a global asset management hub.”
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