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05

Abraaj Fund Investors Said to Hire Advisers for Debt Recovery

By Tony Seruga

Investors in $1.6 billion-fund working with Alvarez & Marsal
Dubai-based Abraaj is undergoing a court-led restructuring

Investors in a $1.6 billion-Abraaj Group fund have hired advisory firm Alvarez & Marsal Holdings LLC to help recover money owed by the floundering Middle Eastern private equity firm, people with knowledge of the matter said.

The New York-based company will represent Abraaj Private Equity Fund IV’s backers in talks with liquidators as they seek to recover more than $99 million owed by the Dubai-based buyout firm, said the people, asking not to be identified because the information is confidential. The stakeholders have formed an investor committee led by Boston-based HarbourVest Partners, two of the people said…

Abraaj Fund Investors Said to Hire Advisers for Debt Recovery

Categories : Private Equity

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