In mid 2018, following the crisis and subsequent collapse of The Abraaj Group, Actis moved to acquire and assume management of Abraaj's Middle East and North Africa funds.[12] While other players were interested and placed competing bids, including higher offers from firms based in the Persian Gulf, Actis was ultimately preferred by investors to take over the funds due to its emerging-markets expertise and operations-focused investment rationale, as well as in interest of a block deal that encompassed all underlying assets.[13]