UAE’s Chimera Capital Exceeds $50M Target in Second Close of Fund
The Chimera Global Fund I LP will now target a third and final close by the end of the year.
In its second closing of its Chimera Global Fund I LP, Abu Dhabi-based private investment firm, Chimera Capital, has revealed that it has surpassed its initial $50 million target. With a portfolio that includes the likes of Egyptian-born transportation startup, SWVL, UAE-based cloud kitchen trailblazer, Kitopi, the fund venture capital aims to offer risk-adjust returns for investors looking for geographically-diversified investments at various stages.
With the news of its unexpectedly fruitful second close, the Abu Dhabi Global Market regulated fund will now target a third and final close by the end of 2021, as it looks to expand its portfolio further, well outside of the MENA region.
Among its investments outside of the region, the US-based open online course provider, Coursera, stands among the highlights. For Chimera's Chief Investment Officer, Karim Radwan, the fund provides another unique opportunity to target the most cutting-edge tech-powered startups, a search that is propped up by a network that stretches through emerging markets.
“Chimera’s unique deal-sourcing network along with its disciplined investment approach saw our team assess more than 100 investment opportunities, and successfully execute on a number of oversubscribed and attractive companies led by top-tier fund managers from around the world,” he commented.
