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Abraaj Fund Unit Managed $14 Billion, Receives $1 Bid

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The fund unit of the embattled private equity firm Abraaj Group, which once managed about $14 billion, reportedly received a bid from a London-based emerging market investor for $1. Private equity firm Actis is among more than 10 private-equity firms that are in the race to buy some or all of the funds managed by the floundering buyout firm. Top contenders include Canadian real-estate firm Brookfield Asset Management, Chicago-based Vistria Group, Rohatyn Group, Kuwait's Agility Public Warehousing Co. and Abu Dhabi Financial Group. Copyright © 2018 Khaleej Times. All Rights Reserved. read more.

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