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Abraaj raises $1.3bln for 2 Africa-focused funds

Image Credit: The Abraaj Group

Sources tell the Financial Times that The Abraaj Group, after eight months in the market, has raised more than $1.3 billion for two Africa-focused funds, in the largest amount of capital amassed for direct deals on the continent.  The larger of the two funds, targeting sub-Saharan deals, has been capped at $990 million, some $190 million higher than the amount the company was targeting.  The smaller North Africa-focused fund looks likely to be oversubscribed at $340 million, exceeding its $250 million target.

Read more at the Financial Times…

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