Emirates News Agency – Launches “Lunit” to manage alternative investments with assets worth $50 billion in Abu Dhabi.

ABU DHABI, 15th September, 2017 (WAM) – Today, Al Maria Island in Abu Dhabi witnessed the launch of Lunate, an independent alternative investment management firm based in Abu Dhabi Global Market. With total assets under management of more than $50 billion, the new company is one of the largest in the Middle East and North Africa region.
Owned by Chimera Investments, Lunit focuses on private markets and aims to achieve better risk-adjusted returns for its clients. It is structured to help provide multiple asset investment solutions in both the public and private markets. Institutional investors, pension funds, family businesses and other investment entities.
Lunit has signed long-term Segregated Account Management Agreements (SMAs) with many clients, committing to manage their existing assets and allocate capital to new investments.
Lunit seeks to invest in global markets through LP commitments, co-investments and direct investment in private and public equity, venture capital, private and public debt and real assets. The company also plans to expand globally by opening offices in North America, Europe and Asia.
Lunit’s investment team includes managing partners Khalifa Al Suwadi, Murtada Hussain and Saif Fikri, who are responsible for making investment decisions and overseeing the firm’s growth strategy. The firm’s team consists of over 150 elite employees, including around 80 investment professionals. Lunit is expected to start operations in the last quarter of 2023.
Khalifa Al Suwaidi, Managing Partner of Lunit said: After months of continuous efforts, we are pleased to introduce ‘Lunit’ as an independent asset management company specializing in alternative investments and we value the trust our clients place in us. Financial resources. It underscores the firm’s commitment to achieving superior risk-adjusted returns and long-term value for clients, contributing to strengthening Abu Dhabi’s position as a leading destination in the asset management industry worldwide.
For his part, Lunit’s Managing Partner Murtada Hussain said: “We are excited to launch a global company that combines innovation and sustainability to deliver valuable products and services. We are embarking on this journey with investors, customers and support. Our team is committed to establishing ‘Lunit’ as a partner.” A favorite among clients across the globe, we look forward to partnering with our strategic partners to invest in diverse asset classes.

Saif Fikri, Managing Partner of Lunet said: “From its hub in Abu Dhabi, Lunet will deliver innovative solutions to private and public markets within and outside the region. The company is gearing up to introduce new products that enhance our diversity. Portfolio of assets under management, while continuing to manage existing products, to capitalize on opportunities available to our clients and cement our presence in this growing sector.