NEWS & VIEWS

Global private equity and venture capital news and research

USAID, Abraaj, JS Private Equity launch Pakistan investment funds

27 Jun 2013

news_asia_lrgPrivate equity firms Abraaj and JS Private Equity Management have teamed up with the US Agency for International Development (USAID) to launch two private private funds focused on Pakistan.

The two funds launched under the Pakistan Private Investment Initiative will invest in Pakistani SMEs. USAID will provide a seed investment of $24m for each of the two funds, which will be matched or exceeded by Abraaj and JS.

USAID said it “fully expected” the firms to exceed that contribution.

USAID administrator Rajiv Shah said, “Pooled funds will initially be $100m which we expect will grow many fold into hundreds of millions of dollars in investment for small and medium businesses.”

Pooled funds will initially be $100 million which we expect will grow many fold into hundreds of millions of dollars in investment for small and medium businesses

Abraaj Group CEO Arif Naqvi said, “As one of the most experienced investors in growth markets, we are pleased to partner with USAID on this initiative and help bring greater opportunities to small and mid-cap businesses in Pakistan.”

The Pakistan Private Investment Initiative is expected to “demonstrate that investing in growth-focused enterprises can generate real profits for investors,” USAID and the firms said in the statement.

Earlier this month Abraaj bought West Africa-focused dairy products and juices maker Fan Milk International (FMI), bringing its total African investments to $2.2bn across sixty nine companies.

Copyright © 2013 AltAssets

FUNDRAISING & INVESTOR RELATIONS


Legals & Terms of UsePrivacy Policy


AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2014