Case Study: The Abraaj Group stabilizes a healthcare fund and protects millions of patients with AlixPartners

When an Emerging Market's Healthcare Fund Nears Collapse

The Abraaj Group, an emerging markets healthcare investor, faced a severe crisis when the Abraaj Growth Markets Health Fund came under forensic investigation over alleged misuse of funds, putting a $1 billion healthcare platform and its operations across Africa and Asia at risk. AlixPartners was brought in to review the fund and its underlying assets, assess governance, controls, valuation, cash flow, and funding needs through a QuickStrike® review.

AlixPartners stabilized the fund by introducing new governance and control structures, overseeing finance and senior management, and serving as interim manager while a permanent solution was sought. The effort protected 10,000 jobs and continued care for more than 2 million patients, and in June 2019 the fund was successfully transitioned to TPG Growth as the new permanent manager.

The Abraaj Group

Arif Naqvi

Founder