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Abraaj, first closing for IGCF
- United Arab Emirates: Sunday, February 04 - 2007 at 12:18
Abraaj Capital has undertaken a first closing of its Infrastructure and Growth Capital Fund, with commitments of $500m as of the end of 2006. Arif Naqvi, Vice Chairman and Chief Executive Officer of Abraaj Capital, said the IGCF will have monthly closings until June, after which there will be a final closing. The fund is being managed by Abraaj Capital and co-sponsored by Deutsche Bank and the Ithmaar Bank.
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Jonathan Sheikh-Miller, Deputy EditorSunday, February 04 - 2007 at 12:18 UAE local time (GMT+4)
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This article was updated on Mon Feb 05 2007.
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