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Article: Largest Private Equity fund raised in Middle East by Abraaj Capital.
- Article from:
- PPI - Pakistan Press International
- Article date:
- December 19, 2005
CopyrightCOPYRIGHT 2005 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Karachi, December 19(PPI): Abraaj Capital, largest private equity firm in Middle East, North Africa & South Asia region Monday announced final closing of its $500 million second Buyout Fund (ABOFII), largest fund ever to be raised in Middle East. With closure of new fund, Abraaj has $1 billion of assets under management."The reputation and track record of Abraaj Capital has allowed us to raise and close ABOF II in record time" said Arif Naqvi, Executive Vice Chairman & CEO of Abraaj Capital."We are very positive about future economic prospects of the region and over next few years we will be using this fund to act as a catalyst for growth in Middle East and return ...
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