Yours truly set new encounters (5)
I believe the answer is:
Here is my best explanation:
'encounters' is the definition.
('meet' can be a synonym of 'encounter')
'yours truly set new' is the wordplay.
'yours truly' becomes 'me' (**).
'new' indicates anagramming the letters.
'set' is an anagram of 'ets'.
(Other definitions for meets that I've seen before include "Comes together with others", "Hunts", "Comes into contact with", "Encounters, perhaps by appointment", "Joins with", "Encounters or suffices", "Makes contact with", "Gathers together", "Effectively copes with" and "sports gatherings".)