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[$$] Toys ‘R’ Us Owners to Create Severance Fund for Former Employees

The private-equity owners of Toys “R” Us Inc. are putting together a $20 million fund to make payments to thousands of former employees left jobless by the retailer’s liquidation, according to people familiar with the matter. The fund’s creation by Bain Capital and KKR & Co. is an unusual move by private-equity owners of a bankrupt company. The two private-equity firms have brought on a third party to help structure the fund and iron out the eligibility requirements, the people said.