Franklin Templeton, Actera said to be eyeing Abraaj's Turkey funds

Pedro Gonçalves
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Franklin Templeton, Actera said to be eyeing Abraaj's Turkey funds

Franklin Templeton and Turkish private equity firm Actera have joined the race to take over Abraaj's Turkish assets after negotiations with other buyers failed, Reuters reports. The Dubai-based private equity firm, which has around $13.6bn assets under management, collapsed after allegations of misusing funds earmarked for the Abraaj Growth Markets Health Fund. The Turkish assets include the $526m Turkey Fund 1, which was raised in 2016. At that time Abraaj said it had deployed $900m ac...

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