Home UAE Abu Dhabi UAE’s Chimera Capital announces second close of VC fund at $10bn The fund will target businesses with a focus on fintech, AI, life sciences, consumer internet and B2B sectors by Zainab Mansoor January 25, 2022 Chimera Capital, a fund manager regulated by the Abu Dhabi Global Market, has announced the second close of its Alpha Wave Ventures II fund at $10bn. The fund is Chimera Capital’s second venture capital fund, and is co-managed with Alpha Wave Global (formerly Falcon Edge Capital). The fund will target assets globally with a focus on fintech, AI, life sciences, consumer internet and B2B sectors, a statement said. Chimera Capital’s Alpha Wave Ventures II Fund closes 2nd round at USD 10 billion, making Chimera the region’s leading asset manager: https://t.co/tt2S5eExeZ#ChimeraVentures #VentureCapital #Startups #Technology #Investing pic.twitter.com/AoNYSPjigi — Chimera Capital | شيميرا كابيتال (@ChimeraCapital) January 25, 2022 Alpha Wave Ventures II is a multi-stage fund primarily concentrated on growth stage companies with clear exit strategies. Basar Shueb, chairman of Chimera Capital, commented: “The second close of Alpha Wave Ventures II at $10bn marks another significant milestone for Chimera, further solidifying our leading position in the region’s venture capital space. Through the fund, we will be investing in dynamic, tech-driven businesses that are providing innovative solutions to key problems, contributing to the development of the local knowledge economy while strengthening Abu Dhabi’s position as a hub of innovation and technology.” “The Alpha Wave Ventures II Fund will provide large institutional investors with a platform to deploy significant amounts of capital in growth stage companies,” Seif Fikry, CEO at Chimera Capital told Gulf Business. Chimera Capital is a wholly-owned subsidiary of Chimera Investment, an Abu Dhabi-based private investment firm. Earlier this month, Chimera Capital listed the Chimera S&P KSA Shariah exchange-traded fund in Abu Dhabi. Read: Fund in Abu Dhabi tracking Saudi shares is a first for Gulf ETFs The product will allow traders in the UAE to track Saudi stocks via a local bourse. Also read: Why you should consider investing in UAE-listed ETFs Tags Artificial Intelligence Chimera Capital Fintech fund Venture Capital 0 Comments You might also like Join our fintech, finance and investment panel on November 27 Dominique Piotet on how IDDA is fostering Azerbaijan’s tech revolution Joel van Dusen on how Mashreq is driving innovation in banking Productivity boost: Check out these latest AI PCs from DELL