TPG in talks to take over Abraaj’s healthcare fund | Financial Times:
US private equity firm TPG has entered exclusive negotiations to take over management of Abraaj’s $1bn healthcare fund, another step in the dismantling of the Dubai-based group’s emerging markets empire.
TPG’s Rise Fund, described as the world’s biggest impact investing fund with $2.1bn assets under management, is in talks to replace Abraaj as general partner and manager, according to a letter sent to employees by AlixPartners, the healthcare fund’s interim manager.
Abraaj, once one of the world’s largest emerging markets specialists with more than $13bn under management, has been in a tailspin since it emerged that investors were concerned that money held in the healthcare fund had been misused.
No comments:
Post a Comment