Private equity house Abraaj closes $990 mln sub-Saharan Africa fund

April 13, 2015 7:04 AM

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DUBAI, April 13 (Reuters) - Emerging-market focused private equity firm Abraaj Group has closed a $990 million sub-Saharan Africa fund, its third in the region, the firm said on Monday.

European and North American investors committed 64 percent of the capital in the Abraaj Africa Fund III, with funding from global institutional investors, pension funds and sovereign wealth funds adding up to 76 percent, according to a statement.

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