Venture Capital: Chimera Floats Lunate, An Alternative Assets Arm With AUM Of Over $50B

Lunate to provide multi-class investment solutions for clients.

Chimera Investment, an Abu Dhabi-based private organization, has established an independent alternative investment company called Lunate, boasting over $50 billion in assets under management. Lunate will operate from the Abu Dhabi Global Market and will focus on various investment opportunities globally, including private equity, venture capital, private credit, real assets, public equities, and public credit markets.

This new entity, owned by Chimera Investment and Lunate’s senior management, plans to commence operations in the fourth quarter, offering multi-asset class investment solutions to institutional investors, pension funds, family offices, and other investment firms. Lunate intends to deliver inventive solutions for both private and public markets, extending its reach beyond Abu Dhabi to serve a wider geographic area. (National Business )

The company intends to launch new products to grow its assets under management while continuing to manage legacy products for its clients. Lunate has already secured long-term separate managed accounts with multiple clients at its launch. It anticipates expanding globally by establishing offices in North America, Europe, and Asia.

The global alternative investment industry is on the rise, with assets under management expected to nearly double to $23.21 trillion by 2026. ADGM, the fastest-growing financial hub in the region, witnessed a remarkable 35% growth in assets under management in the first half of 2023, attracting numerous asset managers and investment firms.

Moreover, Abu Dhabi’s economy has experienced robust growth, with a focus on diversification and business-friendly regulations, making it an attractive destination for market players. Additionally, AUMs in the GCC are projected to surpass the global average, reaching approximately $500 billion in onshore assets by 2026, driven by strong economic growth and investment opportunities.

Related Story:  Abu Dhabi Creates $2B Warchest For Web3, Blockchain, And Metaverse Startups

Image of Abu Dhabi:  Flickr

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