Abraaj fall from grace prompts investors to sharpen due diligence | Financial Times:
Investing in emerging market private equity is about to become that bit tougher.
Abraaj, once the largest private equity firm specialising in regions such as Africa and the Middle East, has been accused by investors including the Bill & Melinda Gates Foundation and the World Bank of mishandling millions of dollars of their investments.
Since concerns were first raised in autumn 2017, investor trust has further eroded and the firm’s indebtedness has been exposed.
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