Lunate, a new Partner-led and independent global alternative investment manager, launched with more than $50 billion of Assets under Management (AuM).
This move positions Lunate as one of the Middle East and North Africa (MENA) region’s largest players in the field of investment management. 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 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.
Mr. Khalifa Al Suwaidi, Managing Partner at Lunate, said that, “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.”
Lunate, which will be based in Abu Dhabi Global Market, the leading international financial center 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.
According to the statement, “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.”
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