Latest news with #AliJamal
Yahoo
02-05-2025
- Business
- Yahoo
Lunate picks stake in wealth manager Azura Partners
Abu Dhabi-based alternative asset manager Lunate has reached an agreement to take a minority stake in Azura Partners. Azura works with high-net-worth and ultra-high-net-worth individuals, entrepreneurs, and family offices globally. The acquisition will be executed through Lunate Holding RSC. The funding will allow Azura to enhance its team, adopt advanced technologies, and 'scale' its AUM. It will help the firm widen its offerings, with a particular focus on private market investment access. The wealth manager will continue to function autonomously under its current leadership. Established in 2019 by former Julius Baer executive Ali Jamal, Azura currently oversees $5bn in assets. It operates across seven international locations, including London, Geneva, and Singapore. The firm has 65 financial professionals, delivering tailored investment and advisory services. Additionally, Azura will shift its main office from Monaco to Abu Dhabi. The move is designed to utilise the benefits of the Abu Dhabi Global Market's legal and regulatory framework. Lunate's investment aligns with its strategy to tap 'high-growth' segments including wealth management. Wealth in the Middle East is projected to grow at 9.2% annually through to 2030. This pace surpasses the global average and points to rising regional demand for wealth solutions. Azura's model aims to address this increasing need across the market. Lunate managing partner Khalifa Al Suwaidi said: 'Lunate's investment in Azura Partners marks our entry into the wealth management space and reflects our commitment to further develop the suite of solutions and products that we can offer our growing client base. 'The partnership, moreover, underpins our strategy of expanding Lunate's footprint across the investor value chain.' Completion of the deal is contingent on regulatory clearance. Azura Partners founder, chairman, and CEO Ali Jamal said: 'With its dynamic management team and vision, Lunate is ideally placed to drive Azura Partners' ambitious future. Abu Dhabi has become a home for ultra-high net worth individuals and a hub for family offices - its emergence as a leading financial centre presents immense opportunities and synergies. 'This endorsement from Lunate aligns with our vision of becoming a leading global wealth manager and reflects our commitment to continuously enhance our offering, ensuring we provide our clients with the flexible, tailored solutions they need to confidently grow, manage and protect their wealth.' "Lunate picks stake in wealth manager Azura Partners" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Arabian Business
01-05-2025
- Business
- Arabian Business
Abu Dhabi's Lunate to acquire stake in wealth management firm Azura Partners
Abu Dhabi's Lunate, a global alternative investment manager with more than US$110 billion in assets under management, will acquire a strategic stake in Azura Partners, the fast-growing Monaco-based global wealth manager established by former Julius Baer wealth manager Ali Jamal. Since its inception, Azura has grown rapidly and now manages US$5 billion in AUM, with offices in Monaco, Geneva, London, New York, Miami, Singapore and Dubai. The company serves ultra-high-net-worth (UNHW) and high-net-worth (HNW) individuals, entrepreneurs and single-family offices. Lunate invests in Azura As part of the deal, Azura will move its headquarters to ADGM in Abu Dhabi, benefitting from its world-class infrastructure and regulatory environment. Azura's advisory-led model will be a strong addition to the Middle East's relatively underserved market, where wealth is set to grow at a 9.2 per cent CAGR till 2030, outperforming the global average of 7 per cent CAGR. Lunate Holding RSC's investment will enable Azura Partners to scale its AUM, hire top talent, implement best-in-class technology and expand its product offerings, including enhanced access to private market opportunities for its clients. Azura will remain independent, maintain its open architecture approach, with Jamal and the current management team retaining operational control. Khalifa Al Suwaidi, Managing Partner at Lunate, commented: 'Lunate's investment in Azura Partners marks our entry into the wealth management space and reflects our commitment to further develop the suite of solutions and products that we can offer our growing client base. The partnership underpins our strategy of expanding Lunate's footprint across the investor value chain.' Jamal, Founder, Chairman, and CEO at Azura Partners, added: 'Lunate's investment marks a significant milestone for Azura Partners. With its dynamic management team and vision, Lunate is ideally placed to drive Azura Partners' ambitious future. 'Abu Dhabi has become a home for ultra-high-net-worth individuals and a hub for family offices – its emergence as a leading financial centre presents immense opportunities and synergies. This endorsement from Lunate aligns with our vision of becoming a leading global wealth manager and reflects our commitment to continuously enhance our offering, ensuring we provide our clients with the flexible, tailored solutions they need to confidently grow, manage and protect their wealth.' Lunate's investment marks its continued expansion into adjacent high-growth business areas such as wealth management. With global wealth estimated to reach US$609 trillion in 2026, individual investors across the world are increasingly seeking alternative investment solutions. The partnership with Azura aims to capitalise on this trend. Murtaza Hussain, Managing Partner at Lunate, said: 'We are excited by the opportunity in the global wealth management industry. Our partnership with Azura aims to use our capital and expertise to strengthen and grow a best-in-class wealth manager, able to service increasingly sophisticated clients both in the region, and across the world. 'With demand for alternative investments on the rise, Azura will be well-placed to offer HNW and UHNW investors enhanced access to opportunities in private markets.'
Zawya
30-04-2025
- Business
- Zawya
Lunate provides strategic growth capital to UHNW wealth manager Azura Partners
Azura Partners to receive growth capital to build AUM, talent, technology and footprint Azura Partners to remain independent, with management retaining operational control Abu Dhabi, Monaco – Lunate, an Abu Dhabi-based global alternative investment manager with more than USD 110 billion in assets under management ('AUM'), has agreed to acquire a strategic stake in Azura Partners ('Azura'), a global wealth manager serving ultra-high net worth ('UNHW') and high-net-worth (HNW) individuals, entrepreneurs and single-family offices. The investment, made by Lunate Holding RSC, will enable Azura Partners to scale its AUM, hire top talent, implement best-in-class technology and expand its product offerings, including enhanced access to private market opportunities for its clients. Azura will remain independent, maintain its open architecture approach, with its founder and current management team retaining operational control. Azura was founded in 2019 by Ali Jamal, a seasoned wealth manager with experience at top-tier global firms, including Julius Baer. The firm has seven global offices including Monaco, Geneva, London, New York, Miami, Singapore and Dubai. Since its inception, Azura has grown rapidly and now manages USD 5 billion in AUM, offering clients investment management and advisory services, private wealth solutions, and strategic opportunities. Azura's clients are supported by a team of 65 experienced professionals. Lunate's investment in Azura marks its continued expansion into adjacent high-growth business areas such as wealth management. With global wealth estimated to reach USD 609 trillion in 2026 [1], individual investors across the world are increasingly seeking alternative investment solutions, fueling the democratization of private markets. Lunate's partnership with Azura aims to capitalize on this trend and the growth trajectory of the wealth management industry. Azura, currently headquartered in Monaco, will redomicile and establish new headquarters in Abu Dhabi, benefitting from ADGM's world-class infrastructure and regulatory environment. Azura's advisory-led model will be a strong addition to the Middle East's relatively underserved market, where wealth is set to grow at a 9.2% CAGR till 2030, outperforming the global average of 7% CAGR. Khalifa Al Suwaidi, Managing Partner at Lunate, said: 'Lunate's investment in Azura Partners marks our entry into the wealth management space and reflects our commitment to further develop the suite of solutions and products that we can offer our growing client base. The partnership, moreover, underpins our strategy of expanding Lunate's footprint across the investor value chain.' Murtaza Hussain, Managing Partner at Lunate, said: 'We are excited by the opportunity in the global wealth management industry. Our partnership with Azura aims to use our capital and expertise to strengthen and grow a best-in-class wealth manager, able to service increasingly sophisticated clients both in the region, and across the world. With demand for alternative investments on the rise, Azura will be well-placed to offer HNW and UHNW investors enhanced access to opportunities in private markets.' Ali Jamal, Founder, Chairman, and CEO at Azura Partners, added: 'Lunate's investment marks a significant milestone for Azura Partners. With its dynamic management team and vision, Lunate is ideally placed to drive Azura Partners' ambitious future. Abu Dhabi has become a home for ultra-high net worth individuals and a hub for family offices - its emergence as a leading financial center presents immense opportunities and synergies. This endorsement from Lunate aligns with our vision of becoming a leading global wealth manager and reflects our commitment to continuously enhance our offering, ensuring we provide our clients with the flexible, tailored solutions they need to confidently grow, manage and protect their wealth.' The transaction is subject to applicable regulatory approvals in relevant jurisdictions.
Bloomberg
30-04-2025
- Business
- Bloomberg
Wealth Firm Azura Swaps Monaco for Abu Dhabi After Lunate Deal
Abu Dhabi-based Lunate is taking a stake in Azura Partners, the fast-growing wealth manager started by former Julius Baer Group Ltd. executive Ali Jamal. With Lunate's backing, Azura will ramp up hiring and offer more products, all aimed at boosting its assets under management which currently stand at around $5 billion, according to a statement. The firm will remain independent, with Jamal and the current management maintaining operational control.
