Lunate Picks participation to WEALTH Manager Azura Partners

The alternative asset manager, Lunate based in Abu Dhabi, has achieved an agreement to accept a minority stake in Azura Partners.

Azura works with a high network worldwide and with ultra-hole nextors, entrepreneurs and family offices.

The acquisition is carried out by Lunate Holding RSC.

Financing will enable Azura to improve his team, use advanced technologies and to “scale” its AUM.

The company will help expand its offer with a special focus on access to private market investments.

The WEATTH manager will continue to work autonomously under its current leadership.

Azura was founded in 2019 by the former Julius Baer managing director Ali Jamal and is currently monitoring assets of $ 5 billion. It works at seven international locations, including London, Geneva and Singapore.

The company has 65 financial specialists and delivers tailor-made investment and consulting services.

In addition, Azura will move his main office from Monaco to Abu Dhabi. The step is intended to use the advantages of the legal and regulatory framework of the Abu Dhabi Global Market.

Lunates' investments correspond to his strategy to use segments with high growth including wealth management.

Wealth in the Middle East is expected to grow to 9.2% by 2030. This pace exceeds the global average and shows the increasing regional demand for asset solutions. The Azura model aims to satisfy this increasing need on the entire market.

Khalifa Al Suwaidi, Managing partner of Lunate, said: “Lunates investment in Azura Partners marks our entry into the asset management area and reflects our commitment to further develop the suite of solutions and products that we can offer our growing customer basis.

“The partnership underpins our strategy to expand Lunate's footprint in the value chain of investors.”

The conclusion of the deal depends on the supervisory authority.

The founder, chairman and CEO of Azura Partners, Ali Jamal, said: “With his dynamic management team and his vision, Lunate is ideally placed to drive the ambitious future of Azura Partners. Abu Dhabi is a home for ultrahohe net assets and a exhibition for family office as a leading financial center offers immensely opportunities and Symners.

“This confirmation of Lunate agrees with our vision of becoming a global asset manager worldwide and reflects our commitment to continuously improving our offer, and ensures that we provide our customers the flexible, tailor -made solutions they need to safely grow, manage and protect their wealth.”

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