Once a rising star of the investment world, firm may become one of the industry’s largest-ever failures

Former Reporter

Abraaj Group, the emerging-markets private-equity firm under pressure from creditors and investors, said Thursday its Cayman Islands-based holding company filed for liquidation, in what could be one of the industry’s largest-ever failures, 

Founded in Dubai in 2002 by Pakistani deal maker Arif Naqvi, Abraaj managed nearly $14bn at its peak earlier this year and was a rising star of the Middle East investment world.

Private equity giant Abraaj files for liquidation

Simon Clark

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