Abraaj CEO Arif Naqvi

Abraaj’s alleged misuse of money said to extend beyond healthcare fund


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.

IFC may offer $7m loan to Fairyway to develop waste-to-energy plant in Sri Lanka

The balance project cost of $67 million is expected to be raised from commercial banks and sponsors equity.

IFC likely to extend $45m loan to Ananta Hotel project in Dhaka

IFC also proposes to mobilise another $22.5 million from a parallel lender to finance the project.

Is there room for a sequel to Masayoshi Son’s $100b Vision Fund?

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.

Calpers eyes $13b annual direct investments with new PE funds

The new strategies will supplement existing partnerships with managers such as Blackstone, Carlyle and KKR that already handle about $27 billion for Calpers.

Japan’s Asahi Glass leads funding for US-based 3D printing startup AREVO

The round was joined by Sumitomo Corporation of Americas, Leslie Ventures and Khosla Ventures.

Australia’s Future Fund leads $40m Series C for US-based Parsable

The round was joined by Lightspeed Venture Partners, Airbus, Saudi Aramco Energy Ventures and B37 Ventures.

Macquarie Capital seeks to pare stake in Taiwan wind farm

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.

Australia’s ANZ exits Cambodian JV to Japan’s J Trust

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 new financial hub seeks exclusive rights to public offerings

Kazakhstan’s stock market is small and illiquid as local firms have usually relied on bank financing