Lunate, a new Dubai-based alternative asset management firm backed by Chimera Investment with a focus on investments across the private markets sector, has launched with $50bn in assets under management, according to a report by Reuters.
Chimera is a division of the business empire run by Sheikh Tahnoun bin Zayed Al Nahyan, national security adviser for the United Arab Emirates and sibling of UAE President Sheikh Mohammed bin Zayed.
Lunate is run by co-Managing Partners Khalifa Al Suwaidi, Murtaza Hussain, and Seif Fikry.
In statement, the new firm said: “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.
“Lunate will invest globally through a combination of Limited Partner (LP) commitments, coinvestments and direct investments across private equity, venture capital, private credit, real assets, public equities, and public credit.”
