Buyout firm Abraaj Group is planning to raise about $5bn to $8bn 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. The plans are in early stages and the size of the fund could fluctuate, they said.
An Abraaj spokeswoman declined to comment.
Abraaj, which manages about $10bn in assets, is raising an investment fund this year that will have a global focus as the company seeks opportunities in defensive industries such as healthcare and education, chief executive officer Arif Naqvi said in an interview in Davos earlier this month without providing additional details.
Arif Naqvi, CEO of Abraaj, speaks during a Bloomberg interview at the World Economic Forum in Davos on January 17. Abraaj, which manages about $10bn in assets, is raising an investment fund this year with a global focus as the firm seeks opportunities in defensive industries such as healthcare and education, Naqvi said in Davos earlier this month without providing additional details.
