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The firm has been co-investing with large institutions and raising capital on a deal-by-deal basis in private equity in the US until now.
The size of the alleged fraud, the involvement of the US government and his high-level political connections in Pakistan make granting the Abraaj founder bail too great a risk, a UK court decided.
The former managing partner and head of impact appeared by video-link at Westminster Magistrates Court on fraud charges brought by the US government.
Dubai
A timeline shows what Abraaj and founder Arif Naqvi are alleged to have done regarding the misappropriation of capital from its 2015-vintage Growth Markets Health Fund, according to the US regulator's complaint.
Dubai, UAE
Junior and mid-level employees are widely regarded as attractive targets, while more senior personnel may find themselves on the receiving end of tough questions from future business partners.
Dubai
While successful buyers are likely to take on a healthy number of mid-level staff, PEI looks at which senior personnel have left and who remains behind.
Colony’s purchase of the Latin America unit has been at least six months in the making.
La Defense, Paris
Banks are changing the way security notices are issued to LPs following the firm's collapse.
The Tunisia-headquartered firm will target around $500m for AfricInvest Fund IV, according to a source with knowledge of the fund.
Picture by James Clarke. www.jamesclarke.me, james@jamesclarke.me, 07941 676821.
The firm's swift fall from grace this year provides a compelling reason for LPs to conduct thorough scrutiny of governance practices.
pei
pei

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