Lunate, the Abu Dhabi-based alternative investment manager, is reportedly holding talks to commit $1 billion to UAE technology investor MGX. The discussions are ongoing and no final decisions have been made, Bloomberg reported, quoting unidentified sources. Lunate invests across the entire private market spectrum, including buyouts, growth equity, early and late-stage venture capital, private credit, […]Lunate, the Abu Dhabi-based alternative investment manager, is reportedly holding talks to commit $1 billion to UAE technology investor MGX. The discussions are ongoing and no final decisions have been made, Bloomberg reported, quoting unidentified sources. Lunate invests across the entire private market spectrum, including buyouts, growth equity, early and late-stage venture capital, private credit, […]

Lunate in talks to invest $1bn in AI specialist MGX

2025/11/25 14:13
2 min read
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Lunate, the Abu Dhabi-based alternative investment manager, is reportedly holding talks to commit $1 billion to UAE technology investor MGX.

The discussions are ongoing and no final decisions have been made, Bloomberg reported, quoting unidentified sources.

Lunate invests across the entire private market spectrum, including buyouts, growth equity, early and late-stage venture capital, private credit, real assets, and public equities and public credit, according to its website.

Bloomberg did not give details on the exact structure of the MGX investment.

Lunate is majority-owned by Chimera Investment LLC which is overseen by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s national security adviser and brother of UAE president Sheikh Mohamed bin Zayed Al Nahyan. Sheikh Tahnoon is also chairman of MGX.

The company manages $110 billion in assets across private markets, including buyouts, growth equity, early and late-stage venture capital and private credit.

In August said it planned to raise $25 billion to accelerate its push into AI.

MGX, which was launched in March 2024 by Mubadala and artificial intelligence company G42, focuses on AI infrastructure, semiconductors and core technologies.

It acquired shares in ChatGPT maker OpenAI in October last year in a $6.6 billion secondary sale that valued the US company at $500 billion.

Further reading:

  • UAE’s MGX part of OpenAI’s $6.6bn fund raising
  • MGX consortium buys $40bn US data centre company
  • UAE’s MGX poised to take 15% stake in TikTok US
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