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Abu Dhabi-based global alternative investment manager Lunate, which oversees USD 110 billion in assets, and leading hedge fund manager Brevan Howard, with USD 34 billion in assets, have announced a long-term strategic partnership to create an investment platform domiciled in the Abu Dhabi Global Market (ADGM), pending regulatory approval.
The platform will launch with an initial long-term commitment of USD 2 billion from Lunate and will comprise a suite of newly created funds exclusive to the partnership. These funds will draw on Brevan Howard’s existing strategies and investment expertise, including macro and digital assets. Additional capital is expected to be raised over time from both local and international investors.
As part of the agreement, Lunate will acquire a minority ownership stake in Brevan Howard. The move marks Lunate’s first step into the hedge fund space, expanding its range of products and investment solutions for clients in the Gulf Cooperation Council and further afield.
Brevan Howard, which has expanded steadily over the past two decades, established its regional headquarters in ADGM in early 2023. That office is now the firm’s largest by assets under management.
ADGM has become a growing hub for asset managers and international financial firms, supported by global connectivity and a progressive regulatory framework. The partnership aims to contribute to Abu Dhabi’s ambitions to be a leading global financial centre and to attract top investment talent.
"Our new partnership with Brevan Howard marks our expansion into hedge funds and reflects our commitment to work with the best investment firms in the world, offering our clients access to unique strategies to further diversify their portfolios." – Khalifa Al Suwaidi, Managing Partner At Lunate
"The long-term partnership with Lunate reflects our deep and ongoing commitment to the region and we look forward to building on this foundation over time." – Alan Howard, Founder Of Brevan Howard
Lunate employs over 200 staff and invests across private markets, including buyouts, venture capital, private credit, real assets, and public markets. Lunate Capital Limited, regulated by the ADGM FSRA, is a subsidiary of Lunate Holding RSC Limited.
Brevan Howard offers institutional investors access to diversified strategies built on macro trading, structuring and risk management. The firm serves sovereign wealth funds, pension plans, foundations and endowments, with approximately 1,000 employees across offices including Abu Dhabi, Austin, Geneva, London, Hong Kong, Jersey and New York.
