Lunate Capital, the Abu Dhabi-based alternative investment manager with >USD50bn AuM, has appointed BNY Mellon as administrator, transfer agent and global custodian for all its funds.
In 2023 Lunate and BNY Mellon invested in a new company, Alpheya, that will develop a wealth management technology platform for wealth and asset managers in the Middle East and North Africa. Based in the ADGM, Alpheya will be funded with a capital commitment of USD300m and is expected to start servicing clients in 2024. BNY Mellon has a minority share in the company.