Midsize Business Lending: Chimera Capital, Alpha Wave Global Launch $2 Billion Credit Fund

ABU DHABI: Chimera Capital, an affiliate of Abu Dhabi-based Chimera Investment, and investment firm Alpha Wave Global announced Monday the launch of Alpha Wave Private Credit, an open-ended credit fund with an initial commitment of $2 billion. did.

Jointly managed by Chimera Capital and Alpha Wave Global, the Perpetual Fund invests primarily in private loans and other credit products. The fund has global mandates focused primarily on the US, Canada, UK, EU, and Australia.

Chimera Capital Chairman Syed Basar Shueb commented: Alphahis Wave, along with his global partners, are active in providing the expertise and access needed to drive the fund to success and consolidating Abu Dhabi’s position as a global hub for capital solutions. Brings the ambition to keep playing the role. “

Rick Gerson, Chairman of Alpha Wave Global, said: For both investors looking for yield in low-risk structures and companies looking for credit solutions, there is a clear need in PrivateHis credit and we believe there is great opportunity throughout the cycle. We see this as an important, enduring and growing area. “

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