Law360, New York ( August 9, 2016, 4:34 PM EDT) -- As funds raised in the 2006-2008 heyday of private equity reach the ends of their 10-year terms, there has been a surge of restructurings of those funds utilizing a "stapled secondary" structure. The widely publicized $1.2 billion restructuring in March 2016 of a 2008 vintage buyout fund managed by private equity pioneer Thomas H. Lee is a recent example of this trend, showing that private equity fund restructurings have become mainstream....
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