US-based Colony Capital to buy Abraaj's Latin America, Africa, Turkey funds

US-based Colony Capital to buy Abraaj's Latin America, Africa, Turkey funds

Arif Naqvi, chief executive officer of Abraaj Capital Ltd., pauses during a Bloomberg Television interview in London, U.K. Photographer: Luke MacGregor/Bloomberg

Dubai-based buyout firm Abraaj Group has reached an agreement to sell the group’s Latin America, Sub Saharan Africa, North Africa and Turkey Funds and the underlying Limited Partnership (LP) interests to US investment management firm Colony Capital.

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