Waha Capital abandons plan to raise new PE fund -sources | Reuters

Waha Capital abandons plan to raise new PE fund -sources | Reuters:

"Waha Capital has abandoned plans to raise a $300 million private equity fund and the Abu Dhabi-based firm is pushing ahead with a new strategy for its private equity business, sources familiar with the matter said. Investor demand for Middle East private equity funds has been hurt by a crisis of confidence at the region’s biggest buyout firm, Abraaj, which is battling allegations it misused funds. Waha flagged its plan to raise a new private equity fund late last year and has since sounded out investors, three sources told Reuters. In a May presentation, there was no mention of the new fund."



'via Blog this'