Abu Dhabi’s Chimera Capital closes its 2nd venture capital fund at $10bn

Abu Dhabi’s Chimera Capital closes its 2nd venture capital fund at $10bn

Chimera Capital, an ADGM-regulated fund manager and a wholly-owned subsidiary of Chimera Investment, an Abu Dhabi-based private investment firm, has closed its Alpha Wave Ventures II fund at $10 billion.

The fund, which is Chimera’s second venture capital (VC) fund, is co-managed by US-based Alpha Wave Global and will target high-quality, exclusive assets globally with a focus on FinTech, Artificial Intelligence, life sciences, consumer internet, and B2B sectors. Alpha Wave Ventures II is a multi-stage fund primarily concentrated on growth stage companies with clear exit strategies.

Basar Shueb

Chairman

Chimera Capital “Through the fund, we will be investing in dynamic, tech-driven businesses that are providing innovative solutions to key problems, contributing to the development of the local knowledge economy while strengthening Abu Dhabi’s position as a hub of innovation and technology. Meanwhile, the launch of our second product in this unique and increasingly popular asset class will further facilitate our clients’ access to Chimera’s network and expertise.“

Mr. Seif Fikry, CEO of Chimera Capital, said that “Building on the successful launch of five ETFs and a global venture capital fund, and the strong track record of successful fund deployments and deal executions developed over the past three years, we look forward to co-managing the Alpha