TPG signs deal to takeover management of Abraaj's healthcare fund | ZAWYA MENA Edition:
U.S. private equity firm TPG said on Thursday it has signed a definitive agreement to takeover the management of a healthcare fund, previously managed by collapsed private equity firm Abraaj.
The healthcare fund assets will form part of a new fund called Evercare Health Fund, it said in a statement.
Abraaj, once the Middle East and North Africa's biggest buyout fund, had a row with investors including the Bill & Melinda Gates Foundation and the International Finance Corp over the use of money in a $1 billion healthcare fund.
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