Key Takeaways
- • Lunate, an Abu Dhabi-based alternative investment manager with $110 billion in AUM, commits $2 billion in initial long-term capital to Brevan Howard, a $34 billion macro hedge fund, to establish an exclusive investment platform domiciled in Abu Dhabi Global Market (ADGM).
- • Lunate acquires a minority ownership stake in Brevan Howard as part of the strategic partnership, marking the firm's formal expansion into hedge fund management and broadening its product offerings across the GCC and international markets.
- • The partnership will launch a suite of newly created funds leveraging Brevan Howard's existing macro and digital asset strategies, with additional capital expected to be raised from local and international investors over time, subject to regulatory approval.
- • Brevan Howard's ADGM regional headquarters, established in early 2023, has become the firm's largest office globally by assets managed, demonstrating the strategic importance of the Abu Dhabi market to the hedge fund's expansion.
Summary
Brevan Howard Asset Management and Lunate announced a long-term strategic partnership on August 26, 2025, to establish an exclusive investment platform domiciled in Abu Dhabi Global Market (ADGM). The partnership represents a significant capital commitment and ownership restructuring that underscores growing institutional appetite for hedge fund exposure and the rising prominence of Abu Dhabi as a global alternative investment hub.
Lunate, the Abu Dhabi-based alternative investment manager with $110 billion in AUM, will provide an initial long-term commitment of $2 billion to capitalize the new platform. Beyond capital contribution, Lunate will acquire a minority ownership stake in Brevan Howard, signaling both firms' confidence in the partnership's strategic value. This move marks Lunate's formal expansion into hedge fund management and represents a deliberate diversification of its product suite to include macro strategies and digital asset exposure alongside its existing alternative investment capabilities.
The partnership will launch a curated suite of newly created funds that will be exclusive to the partnership and will leverage Brevan Howard's institutional investment capabilities in macro trading and digital assets. Both firms expect to raise additional capital from local GCC investors and international capital sources over time, subject to regulatory approval. The partnership addresses a strategic objective for Brevan Howard: securing long-term, stable capital commitments that support the firm's growth trajectory. Brevan Howard, which manages $34 billion globally and has established itself as one of the world's most successful macro hedge fund operators, has strategically expanded its asset class capabilities over two decades.
Brevan Howard's commitment to the Abu Dhabi market is evidenced by its regional headquarters, established in early 2023 within ADGM. That office has grown to become the firm's largest globally by assets under management, reflecting both the strategic importance of the Middle East to the firm's future and the attractiveness of ADGM's regulatory framework and capital base to international hedge fund operators. This partnership signals institutional confidence in Abu Dhabi's positioning as a global alternative investment center capable of attracting world-class investment managers and deploying significant institutional capital.
Lunate, the Abu Dhabi-based alternative investment manager with $110 billion in AUM, will provide an initial long-term commitment of $2 billion to capitalize the new platform. Beyond capital contribution, Lunate will acquire a minority ownership stake in Brevan Howard, signaling both firms' confidence in the partnership's strategic value. This move marks Lunate's formal expansion into hedge fund management and represents a deliberate diversification of its product suite to include macro strategies and digital asset exposure alongside its existing alternative investment capabilities.
The partnership will launch a curated suite of newly created funds that will be exclusive to the partnership and will leverage Brevan Howard's institutional investment capabilities in macro trading and digital assets. Both firms expect to raise additional capital from local GCC investors and international capital sources over time, subject to regulatory approval. The partnership addresses a strategic objective for Brevan Howard: securing long-term, stable capital commitments that support the firm's growth trajectory. Brevan Howard, which manages $34 billion globally and has established itself as one of the world's most successful macro hedge fund operators, has strategically expanded its asset class capabilities over two decades.
Brevan Howard's commitment to the Abu Dhabi market is evidenced by its regional headquarters, established in early 2023 within ADGM. That office has grown to become the firm's largest globally by assets under management, reflecting both the strategic importance of the Middle East to the firm's future and the attractiveness of ADGM's regulatory framework and capital base to international hedge fund operators. This partnership signals institutional confidence in Abu Dhabi's positioning as a global alternative investment center capable of attracting world-class investment managers and deploying significant institutional capital.
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