Chimera launches Lunate, an alternative investment management firm with over $50bn in AUM

Image credit: WAM

Chimera Investment has launched Lunate, a newly established global alternative investment manager, with a portfolio boasting more than $50bn in Assets under Management (AuM), as per state news agency WAM.

This strategic move positions Lunate as one of the MENA region’s largest players in the field of investment management.

The inception of Lunate is the result of a collaborative effort involving multiple stakeholders, aimed at creating a prominent independent investment manager with a broad scope.
Based in Abu Dhabi, Lunate is set to serve global markets and focus primarily on private markets.

It operates as an independent entity owned by Chimera Investment and Lunate’s senior management.

Lunate on a mission to deliver returns

Lunate’s mission is to deliver superior risk-adjusted returns to its clients. It has been structured to provide comprehensive multi-asset class investment solutions for a diverse clientele, including institutional investors, pension funds, family offices, and other investment firms.

The firm will be headquartered in Abu Dhabi Global Market, an international financial center located on Al Maryah Island, Abu Dhabi.

At its launch, Lunate has already inked long-term Separate Managed Accounts (SMAs) with multiple clients, securing commitments to manage their existing assets and facilitate new capital deployment.

Lunate’s investment strategy will encompass global markets, incorporating Limited Partner (LP) commitments, co-investments, and direct investments across various asset classes, such as private equity, venture capital, private credit, real assets, public equities, and public credit. With ambitions to expand its reach worldwide, Lunate intends to establish international offices in North America, Europe, and Asia.

Commenting on the development, Khalifa Al Suwaidi, managing partner at Lunate, expressed enthusiasm for the launch. He stated, “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’s emergence marks a significant milestone in the realm of alternative investment management, with its substantial AuM and ambitious global aspirations firmly establishing it as a major player in the industry.

Also read: Abu Dhabi’s ADGM posts robust growth in H1 2023