# Alpha Wave Global

> Alpha Wave Global is an alternative asset manager founded in 2012 as Falcon Edge Capital by Rick Gerson, Navroz Udwadia and Ryan Khoury. It invests in growth companies, originates private credit and is developing a US life insurance and retirement business. The firm reports approximately $29 billion in assets under management; Judan Financial announced a 50.1% stake in March 2026.

- **Founded:** 2012
- **Headquarters:** Miami, United States
- **Founders:** Rick Gerson (Co-Founder, Chairman and Chief Executive Officer), Navroz D. Udwadia (Co-Founder and Partner), Ryan Khoury (Co-Founder and Partner)
- **Products:** Private equity and growth investing, Alpha Wave Private Credit, Public markets strategies, Insurance and retirement solutions / Alpha National
- **Notable:** Chimera announced a $10 billion second close of jointly managed Alpha Wave Ventures II in January 2022., Launched Alpha Wave Private Credit with $2 billion of initial commitments alongside Chimera in November 2022., Reports approximately $29 billion AUM, 11 offices and operations in eight countries on its current website.

## Products & services

- **Private equity and growth investing** — Equity investments across AI and compute, life sciences, fintech, consumer businesses and other sectors; includes Alpha Wave Ventures II co-managed with Chimera.
- **Alpha Wave Private Credit** — Open-ended credit strategy launched with Chimera, targeting current income from senior secured floating-rate corporate loans.
- **Public markets strategies** — Investment strategies described as seeking an uncorrelated return stream in the March 2026 ownership announcement; current homepage emphasizes three other verticals.
- **Insurance and retirement solutions / Alpha National** — US life insurance and retirement business in development, led by Joe Norton; plans call for AI integration in underwriting, distribution and customer experience.

## Achievements

- Chimera announced a $10 billion second close of jointly managed Alpha Wave Ventures II in January 2022.
- Launched Alpha Wave Private Credit with $2 billion of initial commitments alongside Chimera in November 2022.
- Reports approximately $29 billion AUM, 11 offices and operations in eight countries on its current website.
- Public portfolio includes SpaceX, Anthropic, OpenAI, Cerebras, Haldiram’s and HistoSonics.

## Latest updates

- **2026-09** — Co-led Moonwalk Biosciences’ $70 million Series B with YK Bioventures to support development of adipose-targeted RNAi medicines.
- **2026-07** — Co-led AdvanCell’s $315 million Series D; Alpha Wave’s Nik Economopoulos joined the board.
- **2026-03** — Airtel announced a $1 billion Nxtra investment round, including a proposed $435 million Alpha Wave contribution, subject to approvals.
- **2026-03** — Judan Financial announced a 50.1% stake in Alpha Wave; the release said the founders would continue leading the firm.
- **2026-02** — Named as an investor in Anthropic’s $30 billion Series G.

## Links

- Website: https://alphawaveglobal.com/
- LinkedIn: https://www.linkedin.com/company/alphawaveglobal/

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Profile page: https://yespress.io/alpha-wave-global
Published by YesPress — https://yespress.io
Last updated: 2026-10-27