Abraaj's Turkish assets include the $526 million Turkey Fund 1, which was raised in 2016.
Tuesday 12, February 2019 BY KUDAKWASHE MUZORIWA
US-based Franklin Templeton and Turkish private equity firm Actera are among the bidders in talks to take control of Abraaj's Turkish assets following the faltering of negotiations with other buyers.
Abraaj was the largest buyout fund in the MENA until it collapsed last year following turmoil triggered by a row with investors, including the Gates Foundation over the misuse of their money in a $1 billion healthcare fund.
Other potential bidders for Abraaj’s Turkish assets such as Turkish private Turkven and Canada's Brookfield Asset Management are out of the race.
Colony Capital agreed to buy Abraaj's private equity business in Latin America last month, while TPG has taken control of its $1 billion healthcare fund -- these are the only two of Abraaj's funds known to have found new managers, reported Reuters.