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February 27, 2019  

Solus Raising More for Novel Fund

Solus Alternative Asset Management has locked up another round of commitments for a distressed-asset vehicle with dual liquidity structures.The event-driven manager’s Solus Long-Term Opportunities Fund held a third equity close on Feb. 1, at which point it had $357 million under management. The vehicle launched in the fourth quarter after taking in $190 million through a first equity close, then locked up another $127 million with a second...

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