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June 26, 2019  

Endowments Line Up for Millstreet

Junk-bond specialist Millstreet Capital has signed three university endowments as limited partners.The fresh capital, totaling $80 million, will boost the assets of the Millstreet Credit Fund to $130 million on July 1. At that point, the Boston firm’s total assets under management, including parallel separate accounts, will exceed $500 million.Two of the endowments support Ivy League schools.Millstreet invests in below-investment-grade...

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