Dubai-based Abraaj hires Houlihan Lokey for health fund advice after dispute

Dubai-based Abraaj hires Houlihan Lokey for health fund advice after dispute:

"Dubai-based private equity firm Abraaj has hired U.S. investment bank Houlihan Lokey (HLI.N) to help it try to stem the fallout from a dispute with investors over its healthcare fund. 

Disagreements came to light earlier this year over how Abraaj had used the money of some of its investors, including the Bill & Melinda Gates Foundation and International Finance Corp (IFC), a member of the World Bank Group.

“Houlihan Lokey has been retained to help Abraaj with issues pertaining to the Abraaj Growth Markets Health Fund,” Jeff Hammer, managing director and co-head of illiquid financial assets at Houlihan Lokey, said in a statement to Reuters."



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