Amid political turmoil, Abraaj raises $526M to invest in Turkey
July 27, 2016
The Abraaj Group has closed its first Turkey fund on $486 million and raised a further $40 million for co-investment, in total exceeding the firm’s target of $500 million. Operating from its Istanbul office, Abraaj will invest the fund in middle-market companies in sectors that would benefit from increased domestic appetite, including consumer goods, retail and financial services. Abraaj used the vehicle to invest in Turkish bank Fibabanka earlier this year.