Executive Summary
- Abraaj Group, Middle East's biggest private equity firm, founded in 2002 rose over the years attracting global investors by offering easy access to investment options in fast-growing markets in the Middle East, Asia & Africa.
- Abraaj Group currently manages almost USD 14 billion in assets for various investors including many institutions such as the sovereign wealth funds, large pension funds, and foundations.
- The group is under scrutiny for allegedly mismanaging money in a USD 1 billion healthcare fund that deployed capital from investors including the Bill & Melinda Gates Foundation, the World Bank's International Finance Corporation, Britain's CDC Group and Proparco Group of France.
