• Business

Lunate Unveils $50 Billion in Assets under Management as it Embarks on its Abu Dhabi Launch

by Swati Gupta

September 16, 2023 25

In a significant development for the global alternative investment landscape, Lunate, a newly established independent investment management firm, has officially launched in Abu Dhabi with an impressive $50 billion in Assets under Management (AuM). This ambitious endeavor positions Lunate as one of the largest players in the Middle East and North Africa (MENA) region.

The emergence of Lunate is the result of a collaborative effort among multiple stakeholders, dedicated to establishing a substantial and independent investment management entity based in Abu Dhabi, capable of serving diverse global markets.

Focused primarily on private markets, Lunate operates as an autonomous entity, jointly owned by Chimera Investment LLC and Lunate’s senior management. Its core mission revolves around delivering exceptional risk-adjusted returns for its clientele. The firm is strategically structured to provide a wide array of multi-asset class investment solutions for institutional investors, pension funds, family offices, and various other investment firms.

Situated within the Abu Dhabi Global Market, a prominent international financial center located on Al Maryah Island, Lunate has embarked on its journey with a series of long-term Separate Managed Accounts (SMAs) already secured with multiple clients. These SMAs involve commitments to manage existing assets and allocate fresh capital.

Lunate’s investment strategy spans the global landscape and includes a blend of Limited Partner (LP) commitments, co-investments, and direct investments across diverse sectors such as private equity, venture capital, private credit, real assets, public equities, and public credit. Furthermore, the firm has outlined plans for global expansion, with forthcoming offices slated for North America, Europe, and Asia.

Khalifa Al Suwaidi, Managing Partner at Lunate, expressed his enthusiasm for this momentous occasion, stating, “After months of tireless effort, we are thrilled to introduce Lunate as an independent and commercially-driven enterprise, ideally positioned to emerge as a prominent global alternative investment manager. We are deeply grateful for the trust our clients have placed in us to oversee their capital. With an unwavering commitment to delivering top-tier risk-adjusted returns and creating enduring value for our clients, we aspire to solidify Abu Dhabi’s status as a global asset management hub.”

Lunate’s launch has garnered substantial attention from industry experts and observers worldwide. The firm’s formidable initial capitalization, coupled with its ambitious global reach and focus on private markets, positions it as a formidable player in the rapidly evolving landscape of alternative investments.

As it commences operations, Lunate is poised to contribute significantly to the diversification and growth of the investment sector in Abu Dhabi and the wider MENA region. The firm’s commitment to generating superior returns and fostering long-term value for its clients aligns with the broader objectives of Abu Dhabi’s vision for sustainable economic development.

In a financial environment characterized by increasing demand for alternative investments, Lunate’s emergence offers institutional investors and other market participants a compelling opportunity to access a wide range of diversified investment solutions. The firm’s dedication to achieving risk-adjusted returns is expected to resonate positively with investors seeking innovative and sophisticated investment options.

With its strategic presence within the Abu Dhabi Global Market, Lunate benefits from an established regulatory framework, a robust financial ecosystem, and access to a pool of experienced talent. These advantages, combined with the firm’s commitment to excellence, position Lunate for substantial growth and success in the global alternative investment arena.

Lunate’s expansion plans, which include the establishment of international offices across major global financial centers, underscore its commitment to delivering world-class investment management services to a broad and diverse client base. As it ventures into North America, Europe, and Asia, the firm aims to establish a global footprint that mirrors its dedication to providing exceptional investment solutions.

The creation of Lunate and its impressive launch with over $50 billion in AuM represents a pivotal moment in the evolution of the investment management industry. This development reinforces Abu Dhabi’s standing as a key player in the global financial landscape and reflects the growing recognition of the region’s potential as a hub for financial innovation and investment excellence.

Lunate’s leadership team, comprising seasoned professionals with a wealth of experience in the alternative investment space, is well-equipped to navigate the complexities and challenges of today’s investment landscape. Their collective expertise positions Lunate to deliver on its promise of generating superior risk-adjusted returns while adhering to the highest standards of integrity and transparency.

As Lunate embarks on this exciting journey, the investment community eagerly anticipates its impact on the global alternative investment landscape. With its substantial initial capitalization, dedication to client success, and strategic expansion plans, Lunate is poised to emerge as a significant force in the industry, offering innovative and compelling investment solutions to clients around the world.