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Abraaj targets $850m for energy fund, hires team

Joe Marsh
The emerging-markets private equity firm plans to invest 80% of the strategy into renewables, has set up a 12-strong energy infrastructure arm and will add three more executives in this area.
Abraaj targets $850m for energy fund, hires team

Private equity firm Abraaj aims to raise $850 million for a new energy infrastructure strategy, has acquired a 12-strong team to enable it to develop projects in this sector, and will add three more executives in the near future.  

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