PE firm Abraaj suspends fundraising for $6 bln new fund-sources:
"Dubai-based private equity firm Abraaj has suspended fundraising for a new $6 billion fund, sources familiar with the matter said, as the firm began a review of its business following a dispute with some of its investors in a healthcare fund.
The fund had its first close of about $3 billion last year, but has paused fresh fundraising during a recent review of the structure of the business, they said.
The shakeup also saw the firm’s founder, Arif Naqvi, step down as chief executive, handing the running of the fund, Abraaj Investment Management Ltd, to the two co-chief executives."
'via Blog this'
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