The menu is designed to showcase a diverse array of India's most popular snacks
Chimera Capital and Alpha Wave Global, an investment company with multiple funds across asset classes, on Monday announced the launch of Alpha Wave Private Credit, an open-ended credit fund, with initial commitments of $2 billion.
The perpetual fund, which will be jointly managed by Chimera Capital and Alpha Wave Global aims to develop a diversified portfolio of credit investments reflecting attractive risk-reward characteristics irrespective of the path of interest rates and in the context of growth in the private market for credit solutions.
The fund will invest primarily in private loans, as well as other credit instruments on an opportunistic basis. The fund has a global mandate, with a primary focus on the US, Canada, UK, EU, and Australia, and will seek to identify situations and themes where capital shortages or idiosyncratic reasons result in attractive investment prospects.
The primary objective is to generate current income for investors, through originating or participating in private, senior secured, floating rate loans for companies looking for credit solutions.
Syed Basar Shueb, chairman of Chimera Capital, commented: “The first close of our inaugural credit fund represents another key milestone for Chimera, and provides investors with access to the private credit markets globally. Together with our partners at Alpha Wave Global, we bring the expertise and access needed to position the fund for success, and ambition to continue playing an active role in cementing Abu Dhabi’s position as a global hub for capital solutions.”
Rick Gerson, chairman of Alpha Wave Global, said: “We are excited about the launch of Alpha Wave Private Credit with our partners at Chimera Capital. We think there is a clear need and large opportunity across cycles for private credit for both investors who desire yield in a low risk structure and for companies seeking credit solutions. We see this as an important, enduring, and growing area.”
Seif Fikry, CEO of Chimera Capital, said this announcement follows the recent establishment of the Credit Strategies department at Chimera and comes on the back of significant growth across our venture capital, public equity business, as well as our advisory platform.
"This fund will enable us to seek to provide investors with differentiated investment opportunities that combine running yield and downside protection, along with upside potential. By broadening the product offering through this and other planned launches, we hope to position ourselves at the forefront of the evolving regional asset management industry.”
— muzaffarrizvi@khaleejtimes.com
The menu is designed to showcase a diverse array of India's most popular snacks
Nadal scores crushing straight-set win over American teenager Darwin Blanch as Rublev ends four-match losing streak
As a thermostatic shower mixer, Jaquar Qloud offers perfect regulation over temperature, water flow volume, and shower mode selection
The England star smashed nine sixes and eight fours in his 48-ball 108 as the Kings eclipsed the previous record set by South Africa who overhauled a target of 258 by the West Indies in 2023
Fatima was diagnosed with autoimmune hepatitis, a condition where the body's immune system attacks liver cells
The announcement follows a difficult spell for the royal family after both Charles and his daughter-in-law Catherine, revealed that they had cancer
It reiterated that pilgrims require a Haj visa and it can be obtained through recognised official channels
The 18-year-old was taken to hospital in a serious condition