Abraaj Group Closes Second North Africa Fund at $375M
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PRESS RELEASE: The Abraaj Group, a leading investor operating in global growth markets, today announced the final close of its second dedicated North Africa private equity Fund at US$ 375 million. The new Fund brings the total amount closed by Abraaj for the African continent in 2015 to US$ 1.37 billion, having raised US$ 990 million in April for its third Sub-Saharan Africa Fund.

Abraaj North Africa Fund II targets well-managed, mid-market businesses in the core geographies of Algeria, Egypt, Morocco and Tunisia that have demonstrated robust growth and the ability to become regional leaders in their field. The Fund focuses on sectors that are likely to benefit from an expanding middle class, such as healthcare, education, consumer goods and services, business services, materials and logistics.

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