Who should be worried more about exposures to Abraaj? | GulfNews.com:
A dramatic turn of events in lender claims against embattled private equity firm Abraaj has increased ambiguity on the company’s ability to meet its obligations to investors and lenders. Analysts and private equity industry sources said lenders to Abraaj will have more to worry about the court cases and the liquidity crunch than investors in funds managed by Abraaj. “Most Abraaj managed funds’ underlying assets are robust. The current legal troubles are unlikely to affect their valuations and investors in these funds are better off than lenders in the overall context the new developments relating to the company,” said the CEO of a UAE-based private equity firm, who asked that his name be withheld.
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