Colony Capital has closed its acquisition of Abraaj Group’s private equity platform in Latin America. Financial terms were not disclosed. The Company has been renamed Colony Latam Partners and will continue to be headed by the Company’s senior management team, led by Miguel Olea, Hector Martinez, Gerardo Mendoza and Eduardo Cortina. The Company currently manages over $700m and has made 22 investments across Latin America since its establishment in 2006. “Colony is thrilled to complete this acquisition and to partner with the premier private equity investment team in Latin America. The growth opportunity in these markets is significant and we look forward to growing and expanding our platform in the years ahead,” Justin Chang, Colony Capital Managing Director and Global Head of Private Equity.