Friday, September 15, 2023 – 4:51 PM
ABU DHABI, 15th September, 2017 (WAM) – Today, Al Maryah Island in Abu Dhabi witnessed the launch of Lunate, an independent alternative investment management company based in the Abu Dhabi Global Market. The total value of assets managed by the new company is more than $50 billion, making it one of the… The largest companies in the Middle East and North Africa region.
Lunit, which is owned by Chimera Investment Company, focuses on private markets and aims to achieve the best risk-adjusted returns for its clients. It is structured in a way that enables it to provide multi-asset investment solutions in public and private markets to institutional investors, pension funds, family businesses and others. Investment companies.
Lunit signed long-term segregated account management agreements (SMAs) with several clients upon launch, with a commitment to manage their existing assets and allocate capital to new investments.
Lunit intends to invest in global markets through a combination of LP commitments, co-investments, and direct investment in private and public equity, venture capital, private and public credit, and real assets. The company also plans to expand globally by opening offices in North America, Europe and Asia.
Lunit’s investment committee consists of managing partners Khalifa Al Suwaidi, Murtada Hussein and Saif Fikri, who will be responsible for making investment decisions and supervising the company’s growth strategy. The company’s team also includes more than 150 elite employees in the sector, including about 80 investment specialists. Lunit is expected to begin its activities during the last quarter of 2023.
Khalifa Al Suwaidi, Managing Partner at Lunit, said: After months of continuous effort, we are pleased to launch ‘Lunit’ as an independent asset management company specializing in alternative investments, and we value the trust our clients have placed in us to manage their financial resources. Emphasizing the company’s commitment to achieving the best risk-adjusted returns and achieving long-term value for clients, in a way that contributes to strengthening Abu Dhabi’s position as a leading destination in the asset management sector around the world.”
For his part, Murtada Hussein, Managing Partner at Lunit, said: “We are pleased to launch a global company that combines innovation and sustainability, and provides 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 a partner.” A favorite of clients all over the world. We also look forward to investing in various asset classes in partnership with our strategic partners.”
Saif Fikri, Managing Partner at Lunet, said: “From its center in Abu Dhabi, Lunet will provide innovative solutions to private and public markets, both inside and outside the region. The company is preparing to launch new products that enhance the diversity of our portfolio of assets under management, while continuing to manage existing products for Our customers to take advantage of the available opportunities and consolidate our presence in this growing sector.”
Islam Al-Hussein / Rami Samih
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