LONDON: Buyout firm Abraaj Group is planning to raise about US$5bil to US$8bil from investors this year, people familiar with the matter said, in what would be the emerging-market-focused investor’s largest fund. The plans are in early stages and the size of the fund could fluctuate, they said. Private equity firms are raising billions of dollars in new money as investors focus more on alternative investments amid a low interest-rate environment. Apollo Global Management LLC is starting to raise money for a new buyout fund that could reach almost US$20bil in size, according to co-founder Josh Harris. Silver Lake is seeking US$12.5bil for its fifth main fund, targeting technology, people familiar with the plans said last month.

Source: The Star January 29, 2017 22:53 UTC