“Lunit” launched to manage alternative investments in Abu Dhabi with assets under management valued at $50 billion

Today, Al Maria Island in Abu Dhabi saw the launch of Lunate, an independent alternative investment management firm based in the Abu Dhabi Global Market. The new firm has over $50 billion in assets under management, making it one of the largest. Companies in the Middle East and North Africa region, Africa.

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 limited partnerships (LP), co-investments and private and public equity, venture capital, private and public debt and direct investment in 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 Suwaidi, 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 its operations in the last quarter of 2023.

Khalifa Al Suwadi, Managing Partner of Lunit said: After months of continuous efforts, we are pleased to launch Lunit as an independent asset management company specializing in alternative investments and we value the trust our clients place in us to manage their 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, Murtada Hussain, Managing Partner of Lunit said: “We are excited to launch a global company that combines innovation and sustainability to deliver valuable products and services. As we embark on this journey with the support of investors, customers and our team, we are committed to establishing Lunit as the partner of choice for customers worldwide. We also look forward to partnering with our strategic partners to invest in various 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 launch new products that will enhance the diversity of our portfolio of managed assets, while continuing to manage existing products for the benefit of our clients, capitalize on available opportunities and consolidate our presence in this growing sector.