People are pictured at the Dubai International Financial Center in this November 10, 2013. REUTERS/Omr Mohamed
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The Middle East's largest buyout firm says everything is properly accounted for and that some unused capital from the fund – it didn't say how much – was returned to investors.Abraaj is considered as one of the developing world's most influential investors.Abraaj is a blue-chip company among the private equity firms in the Middle East, so the impact extends far beyond the firm.Investors CallingOne industry executive who is currently seeking to raise a venture capital fund said those plans have been impacted by the Abraaj issue, simply because Abraaj is so large.Another person, an executive at a regional private equity firm that has looked at co-investing with Abraaj, said investors already had very small allocations to the region and this will make things worse. Private equity, which lets big institutions and wealthy individuals invest in companies and assets that aren't publicly traded, is still a nascent industry in the region, but one with the potential to bring large amounts of capital needed to help transform economies that are still reliant on oil.
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