Abu Dhabi Royal’s Firm Sets Up $50 Billion Investing Force (2)

Chimera Investment LLC, part of a business empire overseen by Abu Dhabi’s Sheikh Tahnoon bin Zayed Al Nahyan, set up a $50 billion fund, adding to the plethora of sovereign and state-linked funds in the oil-rich emirate.

Lunate is set to start operations later this year and will manage the funds of outside investors and raise new capital. Owned by Chimera and Lunate’s senior management, the vehicle will focus on investments across private equity, venture capital, private credit, real assets, public equities and public credit.

Khalifa Al Suwaidi, chief executive officer of Abu Dhabi Growth Fund, will ...