Arif Naqvi, Founder and Group Chief Executive of Abraaj Group attends the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 17, 2017. REUTERS/Ruben Sprich
LONDON: Buyout firm Abraaj Group is planning to raise about US$5bil to US$8bil from investors this year, people familiar with the matter said, in what would be the emerging-market-focused investor’s largest fund.
The Dubai-based firm, which invests across markets from Asia to Latin America, is planning to raise the money from a pool of regional and international investors by the end of 2017, the people said, asking not to be identified as the information is private.
