UAE - Mubasher: Chimera Capital, regulated by Abu Dhabi Global Market (ADGM) and a wholly-owned subsidiary of Chimera Investment, has closed its second venture capital (VC) fund at $10 billion, Reuters reported.
The company seeks to seize opportunities between tens of millions and up to $100 million in growth-stage companies through the new fund, Alpha Wave Ventures II.
Co-managed with the US alternative asset manager Alpha Wave Global, the fund will target financial technology, artificial intelligence (AI), life sciences, consumer internet, and business to business sectors.
It is noteworthy to mention that in December 2021, Chimera Capital closed its first venture capital fund Chimera Global Fund I LP at $75 million.
