Abraaj raises nearly $1bn for deals in Africa

Dubai-based firm beats initial target of $800 million, according to a person familiar with the matter

Abraaj raises nearly $1bn for deals in Africa

Emerging markets-focused private equity firm Abraaj Group has raised almost $1 billion for its latest Africa fund, making it one of the biggest pools of capital ever raised for deals on the continent.

The Dubai-based firm has raised between $900 million and $1 billion for Abraaj Africa Fund III, beating its initial target of $800 million, according to a person familiar with the matter.

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