Lunate completed the acquisition of a 40% stake in ADNOC Oil Pipelines from BlackRock and KKR.

Lunate, a global alternative investment manager, completed the acquisition of a 40% stake in ADNOC Oil Pipelines, a critical onshore and offshore midstream crude oil pipeline infrastructure asset, from BlackRock, an American multinational investment company, and KKR, a global investment firm. Financial terms were not disclosed. “We are pleased to partner with ADNOC, a leading energy group and national champion that continues to raise the bar for innovation and efficiency in global energy markets. Lunate’s investment in AOP aligns with our long-term capital strategy to identify and invest in premium infrastructure assets. It also presents an opportunity to invest in a core Abu Dhabi asset and demonstrates our confidence in the UAE economy,” Murtaza Hussain, Lunate Managing Partner.