Holding Company Judan Acquires 50.1% Stake in Alpha Wave Global
Alpha Wave Global oversees about $29 billion in assets across private and public markets, with stakes in SpaceX, OpenAI and Anthropic.
Abu Dhabi-based financial services holding company Judan has agreed to acquire a 50.1% stake in alternative asset manager Alpha Wave Global, which oversees approximately $29 billion in assets across private equity, private credit, public markets and insurance. Financial terms of the transaction were not disclosed.
Alpha Wave Global’s investment platform includes stakes in major technology companies such as SpaceX, OpenAI and Anthropic. The firm will continue to operate under its current leadership, with chief executive officer Rick Gerson remaining in charge.
As part of the partnership, Judan plans to support Alpha Wave’s expansion into artificial intelligence-driven life insurance products, with the collaboration intended to accelerate the launch of this segment. Alpha Wave employs more than 100 professionals across 11 offices worldwide and is headquartered in Miami.
The deal also builds on Alpha Wave’s existing relationship with Chimera Investment, which forms part of Judan’s broader financial network. The two previously partnered on a large technology-focused investment fund.
Judan was established by International Holding Company to consolidate several financial businesses under a single platform combining banking, asset management, brokerage, fintech and insurance services. As part of the restructuring, several investment platforms were brought under the group, including Lunate Capital, which manages about $115 billion in assets, alongside Chimera and brokerage International Securities.
