Deals
Buyout Firm Abraaj Said to Seek Up to $8 Billion for Global Fund
- Abraaj to raise fund from international investors this year
- Proceeds from fund to be deployed across emerging markets
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Buyout firm Abraaj Group is planning to raise about $5 billion to $8 billion from investors this year, people familiar with the matter said, in what would be the emerging-market-focused investor’s largest fund.
The Dubai-based firm, which invests across markets from Asia to Latin America, is planning to raise the money from a pool of regional and international investors by the end of 2017, the people said, asking not to be identified as the information is private. The plans are in early stages and the size of the fund could fluctuate, they said.