The real estate investment firm owned by Tom Barrack agreed this week to buy part of the ailing Abraaj business. What do we know?

Executives from TPG’s The Rise Fund have not been shy about a desire to lead ‘impact investing’. That ambition would be helped if they could be more explicit about how that impact will be measured.

The demise of Abraaj may force LPs to rethink the fundamentals of manager due diligence.