Abraaj Buyout Fund L.P. (ABOF)

 

Our first buyout fund closed in June 2003 with commitments of US$ 116 million. The Fund was fully deployed by the end of 2004 through eight investments. At closing, it was the largest pure-play private equity fund in the Middle East, North Africa and South Asia (MENASA) structured in a traditional Limited Partner/General Partner structure, with a focus on buyout and growth capital.

 

The Fund’s five exits clearly demonstrate our capacity to source and execute transactions in several geographies in the MENASA region, add value through an active partnership model and successfully exit through various mechanisms, including initial public offerings, trade sales and management buyouts. These have resulted in ABOF investors realizing profits well in excess of their original investment. The three remaining investments operate in the financial services, retail and aviation sectors.