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Home > PE News > By Type > Fund

Dubai’s Abraaj Capital lines up $2bn private equity fund Dubai’s Abraaj Capital lines up $2bn private equity fund

27 Oct 2009. Source: AltAssets
Abraaj Capital, the Middle East's biggest private equity firm, is setting up a new $2bn fund to take advantage of valuations in the current buyer’s market, according to Reuters.

Mustafa Abdel-Wadood, managing director of Abraaj, told a conference that funding for the new pool of capital would primarily come from regional investors.

With its planned and current funds combined, the firm reportedly has $3bn to invest in the next two years. In total, Abraaj has $6.5bn under management.

Abdel-Wadood also alluded to a deal that is in advanced stages. The investment target reportedly operates in the logistics sector, is not a Gulf company and operates in more than one company.  

Abraaj’s new fund is likely to put money in Saudi Arabian, Egyptian and Turkish companies - Abdel-Wadood earlier this month said these countries offer opportunities for private equity investment.

Copyright © 2009 AltAssets

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