Abu Dhabi-based alternative investment firm Lunate is contemplating raising $5 billion in subscription financing from both international and regional banks. This potential debt raise follows the firm’s recent acquisition of a 40% stake in ADNOC’s pipeline assets and a joint stake in ICD Brookfield Place. With $105 billion in assets under management, Lunate aims to use this financing to quickly access capital for new deals. Subscription financing allows funds to move within one business day, offering a competitive edge.

Private Equity, Oil & Gas,United Arab Emirates

https://www.zawya.com/en/wealth/alternative-investments/abu-dhabis-lunate-weighs-raising-5-bln-in-subscription-finance-bloomberg-fq1wr562