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Solel Partners, a Boston-based hedge fund, has sold its entire stake in Paramount Group, valued at $25.6 million, according to an SEC filing. Paramount Group is a large-scale office REIT with a portfolio in prime urban centers. The sale may suggest that Paramount no longer offered meaningful upside compared to other ideas, or that the fund is focusing on higher-conviction holdings. Paramount's future is now tied to the Rithm Capital acquisition, which was announced in September.

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