AD alternative investment firm plans $50b assets

Arabian Post Staff

Lunate, a new partner-led and independent global alternative investment manager, announced plans to launch more than $50 billion of Assets under Management (AuM), making it one of the largest in the MENA region. 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 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.

Lunate’s Managing Partners are Khalifa Al Suwaidi, Murtaza Hussain and Seif Fikry, who will all serve on the Investment Committee, steering Lunate’s investment decision-making and growth strategy. The Managing Partners will be joined by a highly experienced and diverse team of more than 150 employees including approximately 80 investment professionals. Lunate expects to become operational in the fourth quarter of 2023.

Also published on Medium.