Cerberus Capital Management LP and Colony Capital Inc. made new offers to buy Abraaj Group assets as the Dubai-based private equity firm works on a court-supervised restructuring, according to people familiar with the matter. Cerberus made a bid for all of Abraaj’s funds, but hasn’t offered to buy the limited-partnership stakes in the underlying funds, the people said. Cerberus was engaged in talks with Abraaj to acquire its funds before Colony reached a principle agreement last month. Colony, which in June agreed to buy some of Abraaj’s funds and oversee others, made a revised offer for some of the funds, as well as its limited-partnership interests in the underlying funds, the people said. The offers are being reviewed by provisional liquidators Deloitte and PricewaterhouseCoopers and any agreement needs investor approval, the sources added.