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Lunate, a newly set up Abu Dhabi-based alternative investment manager, said on Thursday it was launching with over $50 billion in assets under management (AUM) and a focus on private markets. Lunate is led by Khalifa Al Suwaidi, Murtaza Hussain and Seif Fikry, its co-managing partners. "The creation of Lunate follows a multi-party effort to establish an independent investment manager of scale and breadth, headquartered in Abu Dhabi and serving global markets," Lunate said in a statement.

The asset manager is seeding the first strategy within its Mubadala Capital Solutions unit with $2.7bn from its balance sheet.

Stock markets in the United Arab Emirates rose on Friday, tracking higher oil prices and optimism that the Chinese...

Lunate, a newly set up Abu Dhabi-based alternative investment manager, said on Thursday it was launching with over $50 billion in AUM.

UAE investors’ focus seems to be on H1-23 dividend payout, not least DEWA’s Dh3 billion