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The firm, founded by Tony Cusano, has raised $1bn to invest in special situations, distressed and credit secondaries opportunities.
The firm used its 2015-vintage fund to back the private equity arm of Banca Popolare di Vicenza, which was one of the country's largest retail and corporate banks.
New Mexico Educational Retirement Board (NMERB)'s deputy chief investment officer explains why the pension set up a separate account with Siguler Guff to focus on secondary investment opportunities in distressed debt and special situations.
The distressed debt fund, raised about 10 years ago, was caught in Lehman Brothers' collapse, which impacted its returns.
The fund, which targets high net worth individuals, bought stakes in Carlyle Asia Growth Partners III and Carlyle/Riverstone Global Energy and Power Fund II on the secondaries market. It also expanded its exposure to other funds, including Carlyle Partners V, which owns Axalta Coating Systems.

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