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Latham Advises Chimera Capital on US$10 Billion Venture Capital Fund

January 25, 2022
Transaction represents Chimera’s second venture capital fund as it looks to find multi-million dollar opportunities in "growth-stage" companies.

Latham & Watkins has advised Abu Dhabi investment firm Chimera Capital on the closing of its second venture capital (VC) fund at US$10 billion. The new fund, Alpha Wave Ventures II, which is co-managed with US alternative asset manager Alpha Wave Global, formerly known as Falcon Edge Capital, will focus on the financial tech, artificial intelligence, life sciences, consumer internet, and business to business sectors. 

Chimera Capital is owned by Chimera Investments LLC, which is part of Royal Group, an Abu Dhabi investment firm. Latham previously advised Chimera Capital on the close of its first venture capital fund, Chimera Global Fund I LP.

The Latham team was led by Dubai counsel Eyad Latif and Bay Area partner Javad Mostofizadeh, with Dubai associates Omar Maayeh and Connie Leung and Chicago associate Syed Madani. Advice was also provided on tax matters by Washington, D.C. partner Cheryl Coe and associate Eli McCrain.