TPG agrees to manage Abraaj’s $1bn healthcare fund despite fraud cases | Financial Times:
US private equity group TPG has agreed to manage Abraaj’s $1bn healthcare fund despite criminal fraud cases against the collapsed Dubai-based buyout house’s senior executives.
TPG Growth, the group’s mid-market buyout arm, said in a statement that it would take over the existing assets of Abraaj’s Growth Markets Health Fund, renaming it The Evercare Health Fund.
TPG’s Rise Fund, a global impact investing fund, will co-invest in existing and new healthcare assets with other limited partners, including the Bill & Melinda Gates Foundation and the World Bank’s International Finance Corporation.
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