Finance
Abu Dhabi’s Lunate Weighs Raising $5 Billion to Hunt for Deals
- Fund weighs leaning on banks for subscription finance facility
- The $105 billion fund is seen as rising player in Middle East
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Lunate, the year-old fund that’s quickly become a formidable investing force in the Middle East, is considering raising about $5 billion in financing that it could use for potential deals.
Lunate is considering leaning on both international and regional banks for subscription financing, according to people familiar with the matter. The debt would augment its existing $105 billion in assets under management, and give the firm more dry powder to do deals without having to hit up its backers for more cash.