Chimera to launch $50bn alternatives investment firm

Chimera, launch, alternatives, investment, firm, Abu Dhabi, asset manager Chimera Investment, alternative investment, regionAbu 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. © 2023 funds global mena


Change brings progress and long-term opportunities in Saudi Arabia

Saudi_ArabiaNaomi Waistell, an emerging markets fund manager at Polar Capital, analyses change in Saudi Arabia – a hydrocarbon country with green ambitions and which is set on a major economic...

New income streams

Romil_PatelAlthough it is awash with oil and, therefore, capital, the Gulf region is at a critical juncture: it must diversify its...

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

EXECUTIVE INTERVIEW: A natural interest in the topic

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.


Middle East Investor Roundtable 2020: Dimensions of diversification

Investors in the Middle East consider the tools that will be needed to navigate the Covid-19 crisis, the continued appetite for dividend and why it’s all about tech. Chaired by Romil Patel.

South Africa asset management roundtable: Global rebound on ice

Experts discuss the investment implications of the coronavirus pandemic, a delayed rebound in global growth and dealing with South Africa’s energy issues head on. Chaired by Romil Patel in Cape Town.

South African roundtable: Taking the bull by the horns

Our panel discusses Chinese investment in Africa, financial institutions’ contribution to economic sustainability and regulatory concerns. Chaired by Romil Patel in Cape Town.

ROUNDTABLE: Hooked to the global caravan

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.