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Abraaj shortlists bidders for fund management unit

Troubled private equity firm is trying to sell the business to raise capital

Abraaj shortlists bidders for fund management unit

More than 10 private equity firms including Canadian real-estate firm Brookfield Asset Management have emerged as contenders to buy some or all of the funds managed by Dubai private equity firm Abraaj Group, according to an email sent to investors reviewed by The Wall Street Journal.

Thomas Barrack’s Colony Capital has also re-entered the race after an earlier deal to buy four of Abraaj’s funds fell through after failing to secure sufficient investor support, the WSJ reported in July.

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