Abraaj to Double Latin American Investments, Including Brazil & Argentina, By 2021

Jun 20 2016 | 11:37pm ET

Developing market private equity firm Abraaj Group plans to double assets deployed in Latin American opportunities over the next five years, according to regional chief Miguel Olea. 

The target would bring Abraaj’s commitments in the region to $1.5 billion. Olea made the comments during a World Economic Forum meeting in Colombia on June 17.

Abraaj launched its first dedicated Latin American fund in 2008 and has invested to date into companies in the Pacific Alliance – Mexico, Columbia, Peru and Chile. Going forward, it will also consider opportunities in Brazil and Argentina, Olea said, adding that investments outside the Pacific Alliance may eventually account for one-fifth of the firm’s Latin American exposure. 

Headquartered in Dubai, Abraaj is a leading private equity investor focused on the growth markets of Africa, Asia, Latin America, the Middle East, and Turkey. The company focuses on firms with competitive advantages that will disproportionately benefit the most from growing middle classes in developing markets and the attendant growth in private investment and retail consumption. It has recently concentrated on infrastructure and energy development investments. 

Abraaj has invested in 170 companies in more than thirty countries. It has 20 offices spread across five regions with hubs in Istanbul, Mexico City, Nairobi and Singapore managing approximately $10 billion across regional, sector and country-specific funds.

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