UAE - Mubasher: Chimera Capital, an Abu Dhabi Global Market (ADGM)-regulated fund manager and a wholly-owned subsidiary of Chimera Investment, has witnessed the second close of Chimera Global Fund I LP, exceeding its initial target of $50 million.

Through superior risk-adjusted returns, the Fund seeks to enable investors to have access to a portfolio of investments at various stages, according to a press release on Monday.

The Fund’s portfolio includes a number of investments, namely the online-learning platform Coursera, the management platform Divvy, and SWVL.

Chimera Global Fund I LP is targeting its third and final close in the fourth quarter (Q4) of 2021.

Chimera Capital’s Chairman, Syed Basar Shueb, said: "We began fundraising in May 2021 with a target of $50 million for the Fund. To date, the Fund’s composition, accelerated track record, and level of deployment led to strong demand from investors, enabling us to surpass our initial target."

Meanwhile, Chimera Capital’s Chief Investment Officer, Karim Radwan, commented: "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."