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Abraaj LPs urged to cover defaulted credit line

LPs in Abraaj's sixth global flagship and certain regional funds have been asked to cover credit line payments.

Saudi Aramco taps Skandia exec to lead PE unit – exclusive

Jonas Nyquist, most recently head of private equity and infrastructure at the Swedish life insurer, will head a team at the oil and gas giant's fund management subsidiary.

LeapFrog taps ex-Axa chief for impact leadership council – exclusive

Henri de Castries – who led the €1.4trn French insurance giant from 2000 to 2016 – will provide the firm’s board with new relationships and strategic guidance.

Abraaj art sale paints picture of firm’s latest woes

Abraaj’s joint provisional liquidators identified 367 pieces of artwork held in the company’s name, with an insured value of $22m, per creditors’ documents.

Abraaj could receive $22m in carry from previous funds

Carried interest may be drawn from some vehicles regardless of the outcome of the Abraaj platform sale, according to a report by Deloitte seen by PEI.

Why Turkish PE could delight LPs

eFront's chief strategy officer dives deep into the performance of Turkey's private equity funds.

Abraaj’s unravelling: by the numbers

On Tuesday Arif Naqvi reached a settlement in a $217m bounced cheque case. PEI looks at the figures that could play a role in further developments.

Cerberus returns with knockdown bid for Abraaj – exclusive

The distressed specialist reduced its offer to around $20m for Abraaj's entire platform on Monday.

Germany’s ECM hits Fund V hard-cap after ADIA hire

The firm appointed Bernard de Backer, former senior portfolio manager at ADIA, to cover investor relations and value creation in January.

Colony and Abraaj: who, what, when, where and why?

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

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