Embattled Abraaj frees private equity investors from capital commitments

Embattled Abraaj frees private equity investors from capital commitments:

"Embattled private equity firm Abraaj has begun freeing large investors from millions of dollars in capital commitments after deciding to suspend its new fund, the Dubai-based asset manager said.

The move underscores the impact on Abraaj’s business from a dispute with four other investors over the use of their money in a separate $1 billion healthcare fund.

 “Abraaj has voluntarily released investors from their commitments in Abraaj Private Equity Fund VI, and no longer intends to proceed with this Fund in its current form,” the firm said in a statement to Reuters.

"



'via Blog this'