TPG, KKR frontrunners to manage Abraaj’s healthcare fund

Abraaj CEO Arif Naqvi
Arif Naqvi, chief executive officer of Abraaj Capital Ltd., speaks at the Milken Institute Asia Summit in Singapore, on Friday, Sept. 15, 2017. Photographer: Vivek Prakash/Bloomberg

Buyout firms TPG and KKR & Co have emerged as leading contenders to run Dubai-based private equity firm Abraaj’s troubled $1 billion healthcare fund, three sources familiar with the matter said.

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