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

Pedro Gonçalves
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...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?