SBI Holdings, Invest AD Team Up for $100 Turkey Fund

Tokyo-based financial services firm SBI Holdings and Abu Dhabi-owned Invest AD will invest $100 million in a new private equity fund focused on acquisitions in Turkey, Reuters reported. The two firms will each contribute $50 million to the fund, which will focus on deals in consumer goods, retail, services and pharmaceuticals and healthcare, Reuters said. The two companies set up a $100 million Africa fund last September.

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