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The Philadelphia asset-management company said it had raised $146 million for funds that it manages. Also, the company said, it reduced its consolidated borrowings outstanding by $392.9 million (68 percent), to $181.6 million, down from $574.5 a year ago.
The company, which operates in the commercial finance, real estate and financial fund management sectors, said its assets under management at the end of June were $14.3 billion, down $4.5 billion (24 percent) from last year's $18.8 billion.
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