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PE fund sales get their own market

Reuters Blogs – It seems that private equity fund sales are heating up so much they need their own market.

SecondMarket said today it is opening trading in limited partnership interests in private equity funds, venture capital funds, hedge funds and fund of funds (the intention to launch into this market was reported a few weeks ago by our sister publication peHUB).

The firm also hired Jeffrey Bollerman, previously at Citigroup Wealth Management, to help lead its LP interest market.

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