{"id":542982,"date":"2022-01-26T03:49:52","date_gmt":"2022-01-26T03:49:52","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/26\/chimera-closes-usd-10-bn-venture-capital-fund\/"},"modified":"2022-01-26T03:49:52","modified_gmt":"2022-01-26T03:49:52","slug":"chimera-closes-usd-10-bn-venture-capital-fund","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/26\/chimera-closes-usd-10-bn-venture-capital-fund\/","title":{"rendered":"Chimera closes USD 10 bn venture capital fund"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-10\"><\/a> <strong>Our friends at the UAE\u2019s Chimera closes fundraising for one of the largest <\/strong><strong>funds in VC history:<\/strong> Our friends at Abu Dhabi-based investment firm Chimera Capital have closed their second venture capital fund at USD 10 bn, according to a company <a href=\"https:\/\/ent.news\/2022\/1\/Chimera-AlphaWave-VC-Fund.pdf\">press release (pdf)<\/a>. The Alpha Wave Ventures II fund \u2014 one of the largest-ever VC funds \u2014 is co-managed by New York-based Alpha Wave and will target tech-driven, growth-stage companies globally, with a focus on India, Chimera CEO Seif Fikry told <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-01-25\/one-of-biggest-ever-tech-funds-wins-backing-of-uae-royal-s-firm?srnd=premium-middle-east\">Bloomberg<\/a>. Chimera, a unit of Abu Dhabi\u2019s Royal Group, hit final close on their first venture capital fund at USD 75 mn <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/efc90926-be47-4a5a-a57f-f429f2a02e3f\">in December<\/a>, and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/36ab74bc-5da8-4373-8d72-ed3d2e4a8d74\">recently bought 25%<\/a> of Sawiris vehicle Gemini Global Development, which owns Ora Developers Egypt.<\/p>\n<p><strong>What they said:<\/strong> Alpha Ventures II builds \u201con 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,\u201d said Firky added.<\/p>\n<p><strong>ADQ hopes to raise USD 1.1 bn from Abu Dhabi Ports share sale: <\/strong>Abu Dhabi\u2019s sovereign wealth fund is looking to raise up to USD 1.1 bn from its sale of 1.3 bn shares in Abu Dhabi Ports, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-01-25\/adq-seeks-to-raise-1-1-billion-from-abu-dhabi-ports-share-sale?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> reports, citing sources familiar with the matter. ADQ is hoping to list the shares on 8 February. ADQ had initially <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e75f8e9e-d4c3-4c72-9506-873a9f420f76\">planned<\/a> to list the company \u2014 which accounts for about 14% of Abu Dhabi\u2019s non-oil growth \u2014 before the end of 2021.<\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table table-striped markets-table'>\n<tbody>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td>\n<p>11,542<\/p>\n<\/td>\n<td>\n<p>-0.6% (YTD: -3.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.66<\/p>\n<\/td>\n<td>\n<p>Sell 15.76<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD at CIB<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.66<\/p>\n<\/td>\n<td>\n<p>Sell 15.76<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Interest rates CBE<\/strong><\/p>\n<\/td>\n<td>\n<p>8.25% deposit<\/p>\n<\/td>\n<td>\n<p>9.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>12,109<\/p>\n<\/td>\n<td>\n<p>+0.3% (YTD: +7.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>8,714<\/p>\n<\/td>\n<td>\n<p>+0.1% (YTD: +2.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>3,157<\/p>\n<\/td>\n<td>\n<p>+0.3% (YTD: -1.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>S&P 500<\/strong><\/p>\n<\/td>\n<td>\n<p>4,356<\/p>\n<\/td>\n<td>\n<p>-1.2% (YTD: -8.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>7,371<\/p>\n<\/td>\n<td>\n<p>+1.0% (YTD: -0.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 88.20<\/p>\n<\/td>\n<td>\n<p>+2.2%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 4.04<\/p>\n<\/td>\n<td>\n<p>-0.4%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,852<\/p>\n<\/td>\n<td>\n<p>-0.2%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 36,588<\/p>\n<\/td>\n<td>\n<p>-0.6% (as of midnight)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><strong>THE CLOSING BELL-<\/strong><\/p>\n<p><strong>The EGX30 fell 0.6% yesterday<\/strong> on turnover of EGP 688 mn (39.5% below the 90-day average). Local investors were net buyers. The index is down 3.4% YTD.<\/p>\n<p><strong>In the green: <\/strong>Speed Medical (+2.2%), GB Auto (+2.1%) and Heliopolis Housing (+1.6%).<\/p>\n<p><strong>In the red: <\/strong>Fawry (-2.4%), AMOC (-2.1%) and CIB (-1.3%).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our friends at the UAE\u2019s Chimera closes fundraising for one of the largest funds in VC history: Our friends at Abu Dhabi-based investment firm Chimera Capital have closed their second venture capital fund at USD 10 bn, according to a company press release (pdf). The Alpha Wave Ventures II fund \u2014 one of the largest-ever [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7210],"tags":[298,600,299,602,350,601,72,119,603,599,122,507,90,200],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-542982","post","type-post","status-publish","format-standard","hentry","category-planet-finance","tag-abu-dhabi","tag-abu-dhabi-ports","tag-adq","tag-alpha-wave","tag-chimera-investment","tag-credit-suisse-group","tag-enterpriseam","tag-financial-markets","tag-gemini-global-development","tag-ora-developers","tag-planet-finance","tag-swvl","tag-uae","tag-venture-capital","wpautop","entry"],"acf":{"mongo_id":"36099bf5-54c7-4b68-a205-7c549aee37dc","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[542960],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Chimera closes USD 10 bn venture capital fund - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/26\/chimera-closes-usd-10-bn-venture-capital-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chimera closes USD 10 bn venture capital fund\" \/>\n<meta property=\"og:description\" content=\"Our friends at the UAE\u2019s Chimera closes fundraising for one of the largest funds in VC history: Our friends at Abu Dhabi-based investment firm Chimera Capital have closed their second venture capital fund at USD 10 bn, according to a company press release (pdf). 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The private-markets focused firm, dubbed Lunate, is\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1067.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553952,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/14\/chimera-capital-reaches-final-close-on-its-first-vc-fund\/","url_meta":{"origin":542982,"position":1},"title":"Chimera Capital reaches final close on its first VC fund","author":"enterpriseam admin","date":"14 December 2021","format":false,"excerpt":"Our friends at Abu Dhabi fund manager Chimera Capital have hit final close on their first venture capital fund at USD 75 mn, according to a company press release(pdf). 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