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Abraaj hires US investment bank to look at health fund after dispute

09 April, 2018

Abraaj has hired U.S. investment bank Houlihan Lokey to look at issues relating to the Dubai-based private equity firm’s healthcare fund, Houlihan Lokey said in a statement to Reuters on Monday.

The move follows a dispute over how investor money was used by Abraaj, which came to light earlier this year and involved some of its investors including the Bill & Melinda Gates Foundation and International Finance Corp, a member of the World Bank Group.

“Houlihan Lokey has been retained to help Abraaj with issues pertaining to the Abraaj Growth Markets Health Fund,” Jeff Hammer, managing director and co-head of illiquid financial assets at Houlihan Lokey, said in the statement.

Abraaj declined to comment.

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Abraaj hires US investment bank to look at health fund after dispute

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