By Matthew Martin
Preliminary findings from a separate review by Deloitte — at Dubai-based Abraaj’s request — threw up potential discrepancies in accounting at some of the other funds.
The balance project cost of $67 million is expected to be raised from commercial banks and sponsors equity.
IFC also proposes to mobilise another $22.5 million from a parallel lender to finance the project.
Another mega fund would give founders cash to grow their businesses, and early investors a potential opportunity to sell and get liquidity. But it also could help further inflate already-pumped private valuations.
The new strategies will supplement existing partnerships with managers such as Blackstone, Carlyle and KKR that already handle about $27 billion for Calpers.
The round was joined by Sumitomo Corporation of Americas, Leslie Ventures and Khosla Ventures.
The round was joined by Lightspeed Venture Partners, Airbus, Saudi Aramco Energy Ventures and B37 Ventures.
The Australian firm has been reaching out to potential buyers for part of its 50% holding in the Formosa I project in the sea off northwestern Taiwan.
The decision to sell its stake in ANZ Royal Bank, a joint venture with Cambodian conglomerate Royal Group, is in line with the Australian banking major’s ongoing strategic review of international operations.
Kazakhstan’s stock market is small and illiquid as local firms have usually relied on bank financing