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Ares mulls GP-led restructuring of Neiman Marcus fund – exclusive

The $3.5bn ACOF III fund is understood to have nine assets remaining, including the US luxury department store.

Hektor’s New 2ND Capital holds final close on debut fund – exclusive

The firm founded by former AlpInvest Partners exec Tjarko Hektor has beat the $250m target of its fund that will focus on the US small- and mid-market.

Connecticut to boost diversification via secondaries

The $31bn Connecticut Retirement Plans and Trust Funds will also consider sales of interests in funds managed by discontinued GPs.

North American public pensions: reluctant leaders

Large North American public pension plans may be fuelling one part of the secondaries market, while pouring cold water on another.

17Capital expands New York team

Jonathan Goldberg joins from the leveraged finance team at RBC Capital Markets, making him the third senior appointment made by 17Capital in nine months.

LACERS opens door to secondaries trades

The LP has restructured its private equity portfolio, increasing its commitment capacity to the strategy and to emerging managers, and it can now sell interests on the secondaries market.

HarbourVest makes senior secondaries promotions

The Boston-headquartered firm, which is seeking $6.5bn for Dover Street X, has promoted Edward Holdsworth to managing director and added several principals.

Pantheon leads Avenue credit GP-led – exclusive

The deal gave investors in Avenue Capital Group's 2011-vintage Europe Special Situations Fund II the option to sell their stakes at par or roll over into a new vehicle.

Deals that dance to a different beat

A GP-led deal in the music royalties space shows how adventurous secondaries investors are getting and how readily existing deal types can be applied to new asset classes.

George Soros family office shops $1bn portfolio – exclusive

Soros Fund Management is looking to de-risk its portfolio by selling off PE and VC assets, Secondaries Investor has learned.

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