The now-defunct Abraaj Group just keeps making history. And not the good kind. The latest nugget of bad news for the former emerging markets investor came Tuesday when the Dubai Financial Services Authority fined Abraaj about $315 million for misleading investors.

When The Abraaj Group filed for provisional liquidation in the Cayman Islands in June 2018, it marked the beginning of a complicated unwinding process for a private equity firm that once managed nearly $14 billion.

After months of rumors, TPG Growth has reportedly agreed to assume control of a $1 billion healthcare fund that was previously managed by the now-insolvent Abraaj Group.

Photo credit: Rawf8/iStock/Getty Images Plus British police have detained another former executive from the now defunct Abraaj Group, according to reports.

Former Abraaj Group executives Arif Naqvi and Mustafa Abel-Wadood are facing a litany of charges in the US, including conspiracy and fraud.

After months of turmoil over alleged fund mismanagement, The Abraaj Group found a buyer for several of its assets in markets ranging from Istanbul to South America.

Abraaj has paused all fundraising and dealmaking activities, returned money to investors and announced layoffs, with founder Arif Naqvi stepping down from day-to-day operations.

It’s been seven years since The Abraaj Group raised more than a billion dollars for a new fund. But that’s all about to change.