Abraaj owes more than $1 billion to investors following its rapid collapse since February Abraaj’s liquidators are getting offers for regional operations within the fund unit LONDON: Abraaj Group’s fund unit has received a bid from private equity firm Actis for $1, people familiar with the matter told Bloomberg. The unit of the troubled Dubai-based private-equity group had managed about $14 billion in emerging market investments at its peak, it was reported. Chicago-based Vistria Group, Rohatyn Group, Kuwait’s Agility Public Warehousing Co. and Abu Dhabi Financial Group also made offers business, Bloomberg said, quoting anonymous sources. Abraaj owes more than $1 billion to investors following its rapid collapse since February, when allegations surfaced that some $200 million of funds had been directed to investments for which they were not intended. Winding up proceedings are underway in Dubai, where some of the Abraaj business operations are regulated, and in the Cayman Islands, where the holding company is domiciled. Abraaj’s liquidators are also getting offers for regional operations within the fund unit, Bloomberg reported. Colony Capital Inc. made an offer for its Latin American operations, while Helios Capital Management is bidding for the Africa platform, sources quoted by the news agency said. NBK Capital made an offer for Abraaj’s Middle East and North Africa business, it was reported. No final decisions have been made and the unit has received offers from other bidders, too, the people said.