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Private equity vultures are circling TheRealReal, the troubled consignment juggernaut, amid hopes for an M&A transaction that would consolidate the market.
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The other day in trampoline class—yes, it’s great cardio, happy to tell you about it—my workout buddy, who runs a hedge fund, brought up The RealReal in between dynamic kicks. She noted that there was an increasing interest in the fashion resale site’s debt. While her firm wasn’t gobbling it up, she knew many that were interested in accumulating positions.
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