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Abraaj break-up sees Actis take over more buyout funds

Abraaj’s collapse has provided opportunities for its former rivals

The breakup of Abraaj Group’s emerging-markets funds empire is nearly complete.

Former rival Actis struck a deal to take over management of two more buyout funds raised by Abraaj, according to a document produced by the firm’s liquidators and dated August 28. The funds are focused on Africa and Asia.

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