Abu Dhabi-based Chimera Capital, an Abu Dhabi Global Market (ADGM) regulated fund manager and a wholly-owned subsidiary of Chimera Investment, a private investment firm, has closed its first venture capital fund at $75 million.
The Fund is supported by several regional and global limited partners including Mubadala Investment Company. The Fund’s third and final funding round saw it exceed its initial $65 million targets in less than two months, confirming the attractive investment opportunity offered by Chimera Capital.
Chimera Capital continues to target investments that are well-diversified geographically and encompass stages spanning from early growth to pre-Initial Public Offering (IPO). The company intends to hold investments for periods ranging from two to five years and has already executed on a series of strategic and oversubscribed companies led by top-tier regional and global investors.
Ibrahim Ajami Head – Ventures and Growth Mubadala
“We are pleased to announce the close of our first VC fund and are proud to be supported by several strategic Limited Partners including leading financial institutions from around the region. The Fund delivers on our mission of expanding the region’s investment universe while simultaneously enabling us to press forward with our vision of establishing Chimera Capital as a leading regional asset manager.”
Mr. Ibrahim Ajami, Head of Ventures and Growth at Mubadala said that “We are delighted to be strengthening our partnership with Chimera Capital by investing in its first venture capital fund. Mubadala is committed to supporting funds that enhance the region’s investment venture ecosystem and invest in fast-growing global digital disruptors. We are looking forward to a long and successful partnership with Chimera.”
“Our diversified investment strategy along with Chimera’s unique access gives the Fund a differentiated value proposition which generated strong interest from investors. Looking ahead, we have a robust pipeline of opportunities we are keen to execute on as we work to deliver outsized returns for our valued investors,” stated Chimera Capital’s Chief Investment Officer Mr. Karim Radwan.
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