Abu Dhabi-based investment powerhouse Lunate has announced a landmark $2 billion strategic partnership with global hedge fund giant Brevan Howard. The deal marks a major milestone in Abu Dhabi’s ambition to become a premier destination for alternative asset management.

Under the agreement, the two firms will launch a new investment platform domiciled in the Abu Dhabi Global Market (ADGM), leveraging Brevan Howard’s expertise in macro trading and digital assets. The platform will debut with a suite of exclusive funds seeded by Lunate’s initial $2 billion commitment, with additional capital expected from regional and international investors.

As part of the deal, Lunate will also acquire a minority stake in Brevan Howard, signaling its first foray into hedge funds and expanding its offerings beyond private markets. Brevan Howard, which manages $34 billion in assets globally, has deepened its presence in the Gulf since opening its ADGM office in early 2023—now its largest hub by assets under management.

“This partnership reflects our commitment to work with the world’s best investment firms and offer our clients access to unique strategies,” said Khalifa Al Suwaidi, Managing Partner at Lunate.

Alan Howard, founder of Brevan Howard, echoed the sentiment: “Our long-term partnership with Lunate underscores our dedication to the region and lays the foundation for future growth”.

The venture is also a major win for ADGM, which continues to attract top-tier financial talent and global capital. With its progressive regulatory framework and strategic location, Abu Dhabi is fast emerging as a rival to traditional financial centers like London and Singapore.

This deal not only boosts Abu Dhabi’s hedge fund credentials but also signals a broader shift in global capital flows toward the Gulf, reinforcing the emirate’s role as a rising financial powerhouse.