UAE’s $115 Billion Lunate Taps ADQ Boss In Quest to Double Size

The chief executive officer of Abu Dhabi’s $263 billion wealth fund ADQ is stepping down to take on a new role at Lunate, the region’s largest alternatives manager that’s seeking to more than double assets over the next five years.

Mohamed Hassan Alsuwaidi has been named executive chairman and managing partner at the $115 billion firm, according to a statement on Thursday. In his new role, he’ll oversee a a prolific dealmaker that’s grown into one of the world’s fastest-growing asset managers since it was set up two years ago.