Abraaj Capital to complete more deals in Asia

In 2007, Abraaj Capital closed its Infrastructure and Growth Capital Fund at $2 billion, of which up to 25% is allocated to small and medium enterprises in India. Arif Naqvi, founder of Abraaj Capital, told Reuters in an interview that exits by some Western private equity firms from Indian investments will represent buying opportunities, making India a focus region for the company's investment.

"We have about six investments in India and we are looking to ramp that up massively," he said. "To me, India is a far more exciting market than China."

Naqvi added that the private equity firm is in the process of completing two or three investments. "In the next couple of months, we will call you guys again and again because we have a robust pipeline that is reaching completion."

Omar K. Lodhi, chief executive officer of Abraaj Capital Asia, also told The Jakarta Globe that the company is looking for deals in Indonesia's natural resource companies, including tin mines and agriculture. He added that Abraaj is looking at opportunities ranging from $50 million and above in acquisition value.

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• Topics
• South Asia
• Southeast Asia
• Investments
• energy
• India
• Indonesia
• The Abraaj Group