TPG seals deal to take over management of Abraaj healthcare fund

FILE PHOTO - Arif Naqvi, Founder and Group Chief Executive of Abraaj Group attends the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 17, 2017. REUTERS/Ruben Sprich

U.S. private equity firm TPG said on Thursday it has signed a definitive agreement to take over the management of a healthcare fund, previously managed by collapsed private equity firm Abraaj.

The fund will be renamed Evercare Health Fund, it said in a statement.

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