Source: Maktoob Business

Abraaj Capital, the premier investment firm specialising in private equity investment in the Middle East, North Africa and South Asia (MENASA) region, announced today that it was targeting US$630 billion in regional infrastructure investment opportunities through its US$2 billion Shari'a-compliant Infrastructure and Growth Capital Fund (IGCF). The fund is being managed by Abraaj Capital and co-sponsored by Deutsche Bank and Ithmaar Bank. The IGCF will be one of the largest funds ever raised in the region.

The fund will have a target IRR (internal rate of return) of 20% p.a. and have a life of ten years. The predominant focus of the fund will be to take majority/minority stakes in greenfield projects, growth capital investment opportunities and to participate in large-scale privatisations and buyouts.

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Posted by pichu at December 20, 2006 10:40 PM