US private equity group TPG has signed a deal to take over and manage Abraaj’s $1 billion (about Sh101 billion) healthcare fund offering relief for the Kenyan medical outlets where the fund had pumped in billions of shillings.
TPG Growth, the group’s mid-market buyout arm, said it would take over the existing assets of Abraaj’s Growth Markets Health Fund, renaming it The Evercare Health Fund. Financial terms of the deal were not disclosed.
