Abraaj Pakistan Fund I LP

South Asia Other consumer services, Infrastructure

The Abraaj Group, formerly Aureos Capital, is an international investment firm investing in emerging markets across Africa, Asia, Latin America, the Middle East and Turkey.

The Dubai-based firm focuses on investment strategies across private equity, private credit, impact investing and real estate.

The Abraaj Pakistan Fund will focus on the country’s small to medium-sized companies.

Our investment

In 2016, CDC invested $25 million into the Abraaj Pakistan Fund, alongside USAID (which invested $24m) and a number of private investors. The fund reached a total size of $91m and the manager is looking to make investments of between $5 and $40 million. Our investment will provide growth capital for Pakistan’s small to medium-sized enterprises (SMEs).

Expected impact

Pakistan can be a difficult place to do business. Transport and infrastructure are weak, there is a severe shortage of power, and multiple administrative challenges. However, there is steady economic growth, driven by rising consumer demand from a growing middle class and retail-hungry millennials.

Our investment will enable the fund manager to tap into the potential for growth among Pakistan’s SMEs, particularly those operating in consumer-driven sectors, such as education, healthcare, utilities, (renewable energy), transport, and retail.

Abraaj will also provide strategic and managerial assistance for its investee companies, supporting local businesses to expand across the country and internationally.

Our investment will also help to attract additional commercial capital to the country.

Environmental and social aspects

The fund manager has a well-established approach to environmental and social management and we will continue to support and monitor its approach as the portfolio grows.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
South Asia
Countries

For funds, the countries listed here are those the fund has invested in so far.

:
Pakistan
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.

:
Infrastructure, Other consumer services
Website:
https://www.abraaj.com/
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund manager:
Abraaj Capital
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
December 2015
Amount

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.

:
$30m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Cayman Islands

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
Jhimpir Power (Private) Limited Pakistan South Asia Infrastructure August 2016 Active
Cinepax Limited Pakistan South Asia Other consumer services September 2017 Active