14 September 2023, Abu Dhabi: Lunate, a new Partner-led and independent global alternative investment manager, today announced it will launch with 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 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.

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.

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.”

Murtaza Hussain, Managing Partner at Lunate, said: “We are delighted to come together to create a sustainable, forward-thinking, and innovative global firm through which we will deliver a unique value proposition to our clients. As we embark on this journey with the support of our investors, clients, and teams, we are committed to establishing Lunate as a go-to partner for clients around the world. We also look forward to partnering with the GP community as we invest across asset classes.”

Seif Fikry, Managing Partner at Lunate, said: “At its core, Lunate will bring differentiated and innovative private and public market solutions to the region and beyond from our home base in Abu Dhabi. Lunate will launch new products to further grow our assets under management while we continue managing legacy products on behalf of our clients.  We are excited by the opportunity that lies ahead and to creating an asset manager of scale and breadth in a rapidly evolving market”.

About Lunate

Lunate is a new Abu Dhabi-based, Partner-led independent global alternative investment management company with more than 150 employees and more than $50 billion of assets under management. Lunate invests across the entire private market spectrum including buyouts, growth equity, early and late-stage venture capital, private credit, real assets, and public equities and public credit. Lunate aims to be one of the world’s leading private markets solutions providers through SMAs and multi-asset class funds, seeking to generate best-in-class risk-adjusted returns for its clients.

The name ‘Lunate’, pronounced as, loo·net, embodies the ancient allure of the crescent-shaped prehistoric stone implement found in desert and seashore environments; just as the Lunate carries a historical narrative, the company stands as a captivating testament that ties it back to its origins in Abu Dhabi. Lunate’s characteristics reflect the company's mission to unlock unparalleled opportunities across private market investments and enhance the region’s financial landscape.

For any media inquiries, please contact media@lunate.com

Learn more about Lunate 

About Chimera Investment

Established in 2007, Chimera Investment LLC (“Chimera”) is an Abu Dhabi-based private investment firm managing a diversified portfolio of investments. Chimera’s extensive resources, global presence and time-tested investment process are designed to deploy both proprietary, as well as third-party capital globally to cover a broad risk-return spectrum of traditional and alternative asset classes and strategies including public markets, venture capital, private equity, credit, real estate and LP investments.

Chimera leverages its investment experience and wide-reaching business network to originate unique proprietary investment opportunities, deliver differentiated value creation strategies and generate superior returns for its shareholders and business partners over the long-term. Chimera has an established track record of creating meaningful value for its investee companies by introducing them into the broader ecosystem and supporting synergetic business developments across a multitude of platforms. Chimera has been successful in establishing and growing local businesses, as well as facilitating the growth of its international portfolio companies in the region.

Chimera is committed to playing a pivotal role in the continued development and growth of Abu Dhabi’s prominence in the field of investment/asset management.

For any media inquiries, please contact chimerainvestment@kekstcnc.com.