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 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 TSMC, Samsung consider building chip factories in UAE, WSJ reports