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Behind the swift fall of a private equity giant

Abraaj Group founder Arif Naqvi speaking at a World Economic Forum event.
Abraaj founder Arif Naqvi. Photo by Rodrigo Arangua/AFP/Getty Images

Abraaj Group is in trouble. Its investment management group is for sale, its holding company is facing possible liquidation, and executives continue to flee.

Why it matters: Dubai-based Abraaj is arguably the most celebrated private equity firm in emerging markets, having played a key role in the many of their economies and infrastructures.