Private Equity

Abraaj hits final close on debut Turkey fund despite unrest

The close comes a matter of weeks after a failed military coup brought fresh instability to the country

Abraaj hits final close on debut Turkey fund despite unrest
Photo: Turkey flag

Abraaj Group, the specialist emerging markets investor, has held a final close on its first fund dedicated to investing in Turkey, less than a fortnight after an attempted military coup brought fresh instability to the country.

Abraaj said in a July 26 statement it had raised $486 million as well as a further $40 million for co-investments, having initially targeted $500 million.

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