Abraaj Capital, the Middle East's largest private equity house, has raised its capital by almost a third as it prepares a return to buying mode.
The Dubai-based buy-out firm will focus on real estate and small businesses, as well as trying to acquire an overseas competitor looking to raise its regional exposure.
The parent entity of the group has raised $375m from existing shareholders in a rights issue, bringing its capital up to $1.5bn as it targets a new round of investments in the first quarter of next year.
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