IFC proposes $20m investment in Abraaj credit fund
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $20 million in the Abraaj Group’s global credit fund.
The vehicle, Abraaj Global Credit Fund (AGCF), has a target of $500 million, according to a disclosure. IFC’s commitment would not exceed 20% of the total corpus. AGCF will provide growth capital in...
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