UAE private equity firm setting up a new $2 billion fund

Abraaj Capital, the largest private equity group outside North America and Europe, is setting up a new fund worth at least $2 billion to exploit attractive valuations, its managing director Mustafa Abdel-Wadood told the Reuters Middle East Investment Summit - an online interview series by Reuters.

The firm which has raised about $7 billion since inception in 2002 and manages about $6 billion, is also in advanced talks to invest in a logistics firm. Read the full details on Reuters